FACT: Iron Ore is trading at $101.60 $/mt with $100/mt support. The daily move was -0.10%, so the technical level is active rather than decorative.

The 20-day range is $101.05-$111.12 $/mt. That range gives buyers a practical band for staged execution.

RZZRO VIEW: $100/mt support is the line to watch. A clean break with confirmation changes the hedge posture; a false break should not trigger panic buying.

For procurement, the next move is to pre-approve trigger levels before the market prints them. That keeps execution disciplined when volatility rises.

What this means for buyers

Keep iron-ore-linked steel contracts tied to $100/mt support. Add coverage only when China steel margins improve, not on headline rallies alone.