Iron Ore Drops to 4-Week Low in Commodity News 08/04/2026 Iron ore futures fell below CNY 790 per ton, hitting a four-week low as shipments from major suppliers surged, while a two-week ceasefire in the Middle East eased supply disruption concerns. Industry data showed that shipments of the key steelmaking ingredient from major producers Australia and Brazil jumped by over 30% week-on-week to 24.48 million tons as of April 7, as weather-related disruptions subsided. However, analysts noted that Chinese iron ore demand is likely to weaken this year as steel consumption slows, citing a prolonged property sector crisis in China. Increased anti-dumping measures and trade barriers also threaten China’s ability to sustain its steel exports. Meanwhile, the US, Iran and Israel agreed to a two-week ceasefire to allow negotiations for a potential deal to end the war. Source: Trading Economics 2026-04-08 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share