Macro Finance
Iron Ore’s Drop Below $90 Tests High-Cost Supply as Losses Mount
Bloomberg Markets·October 29, 2026·1 min read
Iron ore's fall below $90 per ton has pushed up to 170 million tons of production into losses, but prices must stay depressed longer to force enough supply exits and tighten the market, UBS Group AG said. The commodity's decline is testing high-cost producers' margins.
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