Iron ore prices went up and down today! Iron ore is a type of rock used to make steel. In China, there are worries about too much steel, so the government might reduce how much steel is made. This news made some people nervous.
- China is thinking about making less steel this year.
- This could mean less need for iron ore, which is used to make steel.
- The price of iron ore went up a little at first, then went down a bit.
| Item | Price Change |
|---|---|
| Dalian iron ore (May contract) | Down 0.32% to 769.5 yuan ($106) |
| Singapore iron ore (April contract) | Down 0.8% to $99.95 |
