Iron ore futures prices fell on Monday. Cautiousness in the face of U.S. tariffs and China's commitment to cut crude steel production this year have darkened the demand outlook

The April iron ore reference price on the Singapore Stock Exchange fell below the key psychological level of $100 to $99.8 per ton at 07:35 GMT. The most traded iron ore contract in May on the Chinese Commodity Exchange in Dalian (DCE) erased earlier gains to end the day down 0.71% to 769 yuan ($105.92) per metric ton. Prices slashed their previous gains as investors, hoping to see more support from Beijing after the latest disappointing inflation data, calmed down. Rebar slipped 1.35%, hot-rolled coils lost 0.89%, wire rod lost 1.41% while stainless steel added 0.45%