Ore Slumps News Today

Futures sank more than 3% in Singapore to hit the lowest intraday price since Nov. 8, following a drop in the week’s opening session.

A stronger U.S. dollar is putting oil prices under pressure, with fears of higher-for-longer interest rates fueling concerns of demand destruction.

Steel prices are beginning to look a lot less rosy for the rest of 2022 with many major organizations revising their estimates.

Ongoing lockdowns in China are weighing on steel demand, which is, in turn, pushing prices drastically lower from April highs