0253 GMT - Iron-ore prices rise in early Asian trading amid China's efforts to tackle steel overcapacity. Vale, one of the world's biggest iron-ore miners, said that China's efforts to rationalize the steel industry will likely lead to higher productivity and increase demand for iron ore, according to ANZ Research in a note. However, Goldman Sachs analysts expect China's steel prices to trend lower and weigh on iron-ore prices after rallying more than 10% over the past month. While the analysts expect continued attention on China's policies to reduce overcapacity, it is unlikely to be a repeat of the supply-side reform seen from 2016 to 2018 due to the country's weak labor market. The most-traded iron-ore contract on the Dalian Commodity Exchange gains 0.3% to CNY792.0 a ton. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
August 04, 2025 22:53 ET (02:53 GMT)
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