Iron Ore Falls as China Housing Slump Remains a Headache

Iron ore edged down as data from China highlighted a worsening trend in the country’s stubborn property slump, while its wider economy also remains under pressure.

Futures of the steel-making ingredient fell back below the psychological threshold of $100 a ton, shrugging off the highest weekly close in six weeks on Friday. While Washington and Beijing reached a truce on tariffs last week, trade ructions may still pressure China’s export-reliant economy, including curtailing housing demand.

Economic data from China showed on Monday that its housing market is still stuck in a years-long downturn, with prices for existing homes falling ...