* Limited losses in Shanghai rebar, Dalian iron ore
* Rising supply to keep downward pressure on markets
By Manolo Serapio Jr
MANILA, June 24 (Reuters) - Chinese steel and iron ore futures slipped on Friday, but losses were limited compared to global industrial commodities that were sold off along with other risky assets after Britain voted to leave the European Union.
Gold rallied the most since the 2008 global financial crisis and oil and copper tumbled as Britain's decision fueled a rush to safe havens. decision to divorce from the EU forced the resignation of Prime Minister David Cameron and dealt the biggest blow to the European project of greater unity since World War Two. market was pretty calm today," said Wang Ying, analyst at Hongyuan Futures in Shanghai, adding she expects little impact from Britain exiting the EU to the ferrous metals market.
The most-traded rebar, a construction steel product, on the Shanghai Futures Exchange SRBcv1 closed down 0.9 percent at 2,126 yuan ($321) a tonne.
On the Dalian Commodity Exchange, the most-active iron ore DCIOcv1 slipped 0.7 percent to 385 yuan a tonne.
Prices for the two commodities will likely be dictated by supply-demand fundamentals over the next two months, said Wang, and gradually increasing stockpiles of both could provide downward pressure.
"It is very hard for steel factories now to get orders for current stocks," she said. As steel factories curb production, demand for raw material iron ore may drop.
"There has been a lot of supply from Australia and Brazil, there will be an accumulation of stocks. The current iron ore stocks are large and their quality mediocre," said Wang.
Inventory of imported iron ore at China's major ports stood at 100.7 million tonnes as of June 17, the most since December 2014, according to data tracked by SteelHome consultancy. SH-TOT-IRONINV
Iron ore for delivery to China's Tianjin port .IO62-CNI=SI was unchanged at $51.70 a tonne on Thursday, data from The Steel Index showed. For the week, the spot benchmark was up nearly 2 percent so far.
($1 = 6.6129 Chinese yuan)