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While iron ore prices in China have fallen due to the increase in corona virus cases, export duties have been lifted in India.
Expectations of increased supply kakım the export duty on low-grade iron ore in India is lifted also put pressure on appetites.
As cases have surged in both the capital Beijing and across the country in China, schools have been closed in many parts of Beijing after authorities urged citizens to stay at home in districts with the highest surge in cases. and internet education was started.
Quarried iron ore futures, the most heavily traded contract on the Dalian Commodity Exchange, fell 1.4% to close at 735 yuan ($102.67) per ton.
Iron ore futures for December delivery traded on the Singapore Commodity Exchange fell 3.6% to $95.1 per tonne.
Reinforced steel and hot rolled steel (HRC) slid 1.4% on the Shanghai futures exchange.
Stainless steel, on the other hand, was up 0.8%.
Dalian coke futures prices fell 2.2% and coke futures prices fell 2.7%.