China's steel and iron ore futures fell on Monday after data showed a slowdown in factory growth in China last month and before expiration this week as the United States is set to impose tariffs on Chinese exports of $ 34 billion. ...
Signs of a slowdown in the Chinese economy and risks from steep tariffs stemming from the oppressive Sino-US trade row will drive demand for iron ore, dropping its spot price by 13 percent in the second half of 2018.
Prices of other steel ingredients traded in China also fell on Monday, with coke prices braking 2.5 percent to 2025.50 yuan per tonne and coking coal accelerating 1.9 percent to 1166.50 yuan after hitting a two-month low. at 1154 yuan.
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