DCE: Iron ore closes moderately lower on Monday.

In the evening session this Monday (16), the May contract of iron ore in Dalian Exchange (DCE) It ended with a moderate drop of 0.74%, at 809 yuan (US$117.25) per ton. 

In this trading session, prices for the steelmaking ingredient were pressured by a technical profit-taking movement, after registering three consecutive days of gains last week. 

Furthermore, China reported that 160.34 million tons of crude steel were produced between January and February, a 3.6% decrease compared to the previous year. 

Meanwhile, in ports, inventories at Chinese terminals increased by 2.24% last week, according to local consultancy Steelhome. 

This text was translated by machine from Brazilian Portuguese.