DCE: Iron ore closes lower amid fears of production cuts in Tangshan.

In the evening session this Wednesday (25), the May contract of iron ore in Dalian Exchange (DCE) It ended with a sharp drop of 1.83%, at 806.5 yuan (US$116.96) per ton. 

In this trading session, prices for the steelmaking ingredient were pressured amid market fears of production cuts in the industrial center of Tangshan, after the region activated an emergency response of level two for the air pollution heavy on March 25th. 

Furthermore, the global crude steel production It fell 2.2% compared to the previous year, to 141.8 million tons in February, according to data from World Steel Association. 

In China, steel production fell 3.6% in the month, to 76.1 million tons.

This text was translated by machine from Brazilian Portuguese.