Iron ore prices tumbled on Friday March 23 with China's ferrous market experiencing an across-the-board retreat amid concerns over a looming trade war between the country and the United States.
Key driversChina's Ministry of Commerce is considering imposing a 15% tariff on a list of US products that includes steel pipe and a 25% tariff on a second list that includes aluminium products, it said on Friday. A day earlier, the US said it would impose new tariffs on some $60 billion worth of Chinese imports. Concerns of a trade war...