Industry News

Iron Ore Prices Expected to Decline Amidst Weak Demand and Stable Supply

Views : 0
Update time : 2024-11-27 15:58:31

BMI, a research institution under Fitch Solutions, forecasts that iron ore prices will maintain an average level of $100 per ton in 2025. The demand outlook remains weak, which could continue to pressure prices unless additional support measures are implemented in Asia in the coming months.

The report highlights that steel production in some Asian countries remains sluggish, with iron ore demand persistently low and inventories significantly increasing. These factors are expected to constrain iron ore prices in the near future. On the supply side, major miners are maintaining stable production levels.

Related News
Read More >>
ArcelorMittal postpones decarbonization projects in Dunkirk and Fos-sur-Mer, France ArcelorMittal postpones decarbonization projects in Dunkirk and Fos-sur-Mer, France
Nov .27.2024
ArcelorMittal postpones decarbonization projects in Dunkirk and Fos-sur-Mer, France
RUSAL first uses inert anodes to preheat and start up aluminum reduction cells RUSAL first uses inert anodes to preheat and start up aluminum reduction cells
Nov .27.2024
RUSAL first uses inert anodes to preheat and start up aluminum reduction cells
Citigroup: Steel and aluminum to be most affected metals by Trump's tariffs Citigroup: Steel and aluminum to be most affected metals by Trump's tariffs
Nov .27.2024
Citigroup: Steel and aluminum to be most affected metals by Trump's tariffs
JPMorgan Chase: Aluminum and copper to have V-shaped recovery by end-2025 JPMorgan Chase: Aluminum and copper to have V-shaped recovery by end-2025
Nov .27.2024
JPMorgan Chase: Aluminum and copper to have V-shaped recovery by end-2025