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Iron Ore Set for Weekly Gain Despite Weak China Steel Demand

Bloomberg Markets Friday 18 September 2026, 04:26 UTC By Katharine Gemmell 1 min read
Key Points

Commodities Iron Ore Set for Weekly Gain Despite Weak China Steel Demand Iron ore was headed for a weekly gain after recovering from a sharp decline earlier in the week, even as weak steel demand and shrinking mill margins weighed on the outlook. Singapore futures have gained about 1% this week, rising for a third day to as high as $97.45 a ton on Friday. The rebound erased losses that pushed prices of the steelmaking ingredient to the lowest close since mid-August on Tuesday.

Commodities Iron Ore Set for Weekly Gain Despite Weak China Steel Demand Iron ore was headed for a weekly gain after recovering from a sharp decline earlier in the week, even as weak steel demand and shrinking mill margins weighed on the outlook. Singapore futures have gained about 1% this week, rising for a third day to as high as $97.45 a ton on Friday. The rebound erased losses that pushed prices of the steelmaking ingredient to the lowest close since mid-August on Tuesday.
Iron Ore Set (ORG) Singapore (LOCATION)
Originally published by Bloomberg Markets Read original →

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