⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Iron ore prices have dropped to the lowest level in 10 months as a result of China’s years-long property crisis, which is exerting pressure on prices despite signs of a pick-up in growth. The steelmaking material fell as much as 3.9% to $96.25 a ton in early trading on the Singapore Exchange. Prices have been floundering since early January as investors adjust to weaker demand prospects from the real-estate sector, reflecting the fragile state of China's recovery.