08-05-2025
Iron Ore Falls as China Steel Body Says Output Curbs Underway
Iron ore fell as China 's top steel association confirmed that output curbs were underway, and long-awaited PBOC rate cuts failed to deliver a sustained lift in sentiment.
Futures fell as much as 1.5%, paring gains from Wednesday when the People's Bank of China announced easing measures, including cutting the seven-day reverse repurchase rate. The turnaround came as the impact of tariffs and output cuts outweighed the government support measures.
