Iron ore extends losing streak on Sino-US trade tensions

SINGAPORE (Reuters) -Dalian iron ore futures slid for a seventh consecutive session on Tuesday as fresh U.S. tariffs on top consumer China kicked in, heightening trade tensions.

The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) closed down 1.14% at 781 yuan ($107.26) a metric ton.

The benchmark April iron ore on the Singapore Exchange ticked up 0.37% to $100.25 a ton as of 0705 GMT, though prices slid to $99.35 earlier in the session, the lowest since January 15.

Prices fell following reports that Chinese steel mills are reducing production to ease pollution levels ahead of the annual National People's Congress (NPC) meeting, said ING analysts.