Iron ore prices extended losses on Monday on concerns over near-term weaker demand, after steel production hub Tangshan was required on Saturday to shutter some capacity in response to heavy pollution.
Tangshan’s government said it would launch a level 2 emergency response from Sunday to deal with the forecast of heavy air pollution this week.
It was not clear how long the production restrictions would last. The city of Handan, also a key steel producer, implemented similar curbs on Sunday.
Benchmark 62% Fe fines imported into Northern China fell 3.28%, to $122.50 per tonne.
