Iron Ore at $95 Pressures Vale, CSN as Freight Costs Rise

Iron ore prices have fallen to $95 per ton, reflecting worsening profitability among Chinese steelmakers, while rising freight costs are beginning to constrain supply from Brazilian producers. The combination of weak demand and higher logistics costs is squeezing margins for Vale (VALE3) and CSN (CMIN3), though the extent of supply reduction remains uncertain.