BMI explains that iron-ore with 62% iron content at Qingdao port is currently hovering at about $94.70/t as of May 6, with the year-to-date average in 2025 so far being $96.50/t.
While maintaining relative resilience in early 2025, reaching a year-to-date high of $102.90/t on February 21, supported by weather-induced supply disruptions and Chinese demand optimism, iron-ore prices failed to sustain positive momentum, consistently trending below $100/t throughout March and April.
