Iron ore futures have posted a weekly loss due to mounting concerns over demand prospects in top consumer China. The September contract for iron ore on China's Dalian Commodity Exchange ended the morning trading 2.17% lower, at 697.5 Yuan ($96.43).
Traders are considering the impact of trade tariffs between China and the United States, as well as concerns about a possible slowdown in demand from China's top consumer.
The market is closely watching China's economic indicators and policy responses to gauge the future trajectory of iron ore prices.
Vietnam Steel by Hoa Sen Group
