Iron ore futures prices fell on Friday and were set for monthly losses, pressured by U.S. tariff concerns and mounting trade frictions against Chinese steel exports.

Iron ore futures edged lower on Wednesday as escalating trade tensions between the U.S. and China pressured prices. However, optimism over rising Chinese steel demand helped cushion the decline. The most-traded May

Singapore iron ore futures experienced an upswing on Tuesday, fueled by optimistic projections of heightened demand from the steel industry. These expectations are tied to the anticipated resumption of production by steelmakers in northern China,

Prices of Singapore iron ore futures rose on Tuesday, driven by expectations of increased demand as steelmakers in the northern region of China, the top consumer, are set to resume production following the conclusion of its annual parliament meeting.

Iron ore futures extended losses on Tuesday as U.S. tariffs on Chinese imports took effect, adding to market uncertainty. The most-traded May iron ore contract on Chinas Dalian Commodity Exchange (DCE) fell 1.