After a steady climb earlier this week, iron ore finally took a breather—prices dipped as the steel sector hit its usual seasonal slowdown. Traders are now eyeing China's upcoming economic policy meeting, which could shift market sentiment. The pullback reflects cautious positioning ahead of potential policy signals that might reshape demand forecasts. It's a reminder that even traditional commodity markets dance to the rhythm of macro expectations, much like how crypto reacts to regulatory hints and central bank moves.