Industry News

Iron ore price expected to ease over next 5 years on slower demand growth and more supply

Views : 123
Update time : 2023-04-06 18:58:28

Despite iron ore rebounding strongly in early 2023, after falling more than 50% in the second half of 2022, prices are expected to ease over the next 5 years on slower demand growth and more supply.

The higher prices seen in recent months reflect a partial recovery in Chinese steel production, as the country reopens following the end of the zero-covid policy.

Benchmark 62% Fe fines imported into Northern China fell 1.47% on Tuesday, to $120.65 per tonne, pressured by higher shipments and fears about government intervention.

Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices