Dollar Holds Near Two-Month High as Yen Approaches 160 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Trump, Xi Focus on Trade and AI at White House Summit 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Add as a preferred source on Google
Iron ore futures fell over 1% on Thursday, pressured by rising tariffs on Chinese steel and increasing iron ore imports into China, the world’s top consumer.
On the Dalian Commodity Exchange (DCE), the most-traded May iron ore contract dropped 1.05% to 803 yuan ($110.48) per metric ton. In Singapore, benchmark March iron ore fell 1.4% to $104.4 per ton.
A surge in Australian and Brazilian shipments, coupled with a month-on-month decline in molten iron output, has weighed on prices, according to broker Hexun Futures. Additionally, a weakening outlook for Chinese steel exports further dampened sentiment as more nations impose tariffs.
Following the U.S. decision to implement a 25% tariff on all steel products, Vietnam imposed a temporary anti-dumping duty on Chinese steel, while South Korea is considering tariffs of up to 38% on Chinese steel plate imports. The EU is also evaluating restrictions on steel imports in response to U.S. tariff moves.
Despite these pressures, daily crude steel output among China Iron and Steel Association (CISA) member mills hit a seven-month high of 2.15 million tons in mid-February, according to Mysteel.
Steel futures on the Shanghai Futures Exchange remained stable, with rebar slipping 0.03% and hot-rolled coil down nearly 0.1%. Wire rod traded flat, while stainless steel gained 0.57%. Other steelmaking raw materials saw mild declines, with coking coal falling 0.41% and coke down 0.36% on the DCE.
With global trade tensions rising and iron ore supply increasing, market participants remain cautious about future price trends.
