Market News
Iron ore snaps four-day rise due to more duties on Chinese steel - REUTERS
SINGAPORE, Feb 24 (Reuters) - Dalian iron ore futures prices snapped a four-day winning streak on Monday as increasing levies on Chinese steel dampened demand prospects for the key steelmaking ingredient, though decreasing portside inventories in China limited the fall.
The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) ended daytime trade 0.77% lower at 832.5 yuan ($114.95) a metric ton.
The benchmark March iron ore on the Singapore Exchange ticked 0.18% lower at $108.3 a ton as of 0710 GMT.