DCE: Iron ore prices fall as the market assesses freight costs for steel exports.

In the evening session this Wednesday (18), the May iron ore contract in Dalian Exchange (DCE) The market closed with a slight decrease of 0.12%, at 811 yuan (US$117.97) per ton. In this trading session, prices for the steelmaking ingredient were pressured by the increase in freight rates for steel exports, amid the crisis in the Middle East. Furthermore, BHP's new CEO, Brandon Craig, stated that negotiations with the Chinese government will continue, even with Beijing's ban on the company's products.

This text was translated by machine from Brazilian Portuguese.