Iron ore prices have fallen below $100 per ton due to China's economic measures not meeting investor expectations. The decline was influenced by a disappointing debt-swap plan announced by the Chinese government, which did not include direct initiatives to stimulate domestic demand, particularly in the struggling property sector.

Furthermore, an increase in stockpiles at Chinese ports has highlighted the current oversupply in the market. Investors are closely monitoring the situation as the government works on implementing strategies to revive economic growth amidst ongoing challenges.