Driven down by reciprocal tariffs between the United States and China, the main consumer, which have worsened the global trade war, iron ore futures fell on Monday.

The most traded iron ore contract in May on the Chinese commodity exchange in Dalian (DCE) ended the morning session down 2.6% to 768.5 yuan ($105.10) per metric ton. The May reference price of iron ore on the Singapore Stock Exchange was down 2.21% to $98.4 per ton. Earlier in the session, prices fell to 754 yuan, the lowest level since March 21

Other steel-making ingredients on DCE have lost ground, with coking coal and coke falling by 2.16% and 1.1% respectively. The steel benchmarks on the Shanghai Stock Exchange stagnated. Rebar fell by 2.24%, hot-rolled coils lost nearly 2.5%, wire rod slipped by 2.74%, and stainless steel plunged by