Under the pressure of mixed economic data from China, the main consumer country, and uncertain short-term demand for this steel material, iron ore futures prices fell on Monday.

The most traded iron ore contract in September on the Chinese commodity exchange in Dalian fell by 1.03% to 721.5 yuan ($100) per metric ton at 02:58 GMT. The June reference price of iron ore on the Singapore Stock Exchange was down by 0.56% to $99.5 per ton. According to the Everbright Futures broker, hot metal production, typically used to assess demand for iron ore, fell by 8,700 tons month-on-month to 2.45 million tons. The other steel-making ingredients on DCE languished, with coking coal and coke falling by 2.43% and 2.17% respectively. The steel benchmarks on the Shanghai Futures Exchange have lost ground.

Rebar fell by 1.03%, hot-rolled coils weakened by 1.11%, wire rod fell by nearly 1.5%, and stainless steel fell by 0.19%.