The price of iron resumes the fall in the midst of the fear of the global recession

The price of iron ore resumed its decline for fear that the trade war launched by US President Donald Trump could harm global economic growth. Iron ore prices, the most important component of the steel industry, fell by 1%, while clients studied the impact of Trump’s negotiations with each country separately. This decline came after China, the second largest economy in the world, warned the countries against the conclusion of commercial transactions with Washington that could harm Beijing’s interests. The price of Global Iron Today has lowered future iron -RU contracts, after rising more than 2% on Monday due to the expectation that China could announce a few measures to stimulate the growth of the economy. The prices have fallen into four out of five sessions since Wednesday. You may also be interested in: The heavy Trump fees have surrounded the neck of iron companies, and the immediate iron price in Singapore fell 0.8% to $ 98.60 per tonne at $ 11:15, while future contracts denominated in the Yuan dropped a bit in Dalian. The future cross -forming contracts in Shanghai also fell.