Iron ore markets have gone down again, falling after three days of strong gains. The price of iron ore with 62% iron content fell 2.06% to $ 64.05 per tonne, and with 58% iron ore fell 1.15% to $ 44.69 per tonne, while Brazilian ore fell from 65% iron content reversed this trend with an increase of 0.12%.
The weakness in the iron ore market emerged despite continued gains in the Chinese steel markets. “Billet price has risen to a five-year high after a steady growth rate over the past few days, pushing rebar prices,” market participants say. "Trading activity has dropped due to expectations among buyers that prices are likely to fall soon due to seasonally weak demand."
This could explain the bias seen in Chinese rebar, iron ore and coking coal futures during the Wednesday and Thursday session, with all contracts closing at their highs earlier in the day.
+38 (098) 875-40-48
|
|
|
Subscribe to news 
Metallurgy news
- 30 June 2025
19:00 Main metric capitalization: 577M (a year ago was 3 times more) 18:00 In 2025, China, the world leader in the production of alumina, increased its export to Russia by 16% to the level of 2024. In May, Russia purchased a record 183 thousand 12:00 Evraz received the OFSI license to sell the North American business 11:00 The program "Factory of Ideas" celebrated the 13th anniversary 10:00 "Sword" - salvation of drowning 10:00 However, while reducing coal production in the Russian market continues, the ruble will weaken and the key interest rate will decrease further. 08:00 The cost of electricity for industrial companies from July 1 will increase by more than 20% due to increased sales allowance 08:00 CMACP has identified sectors of the Russian economy that are under financial stress
Publications
29.06 Cast iron baths in the Sanok online store 29.06 Caddy battery - the heart of the van that does not tolerate compromises 27.06 Electricity in climatic design 24.06 Asseline reinforcement: why is it necessary and how it is performed 24.06 Is the refueling of the confectionerer: Chim is not incurred to Neschi Freona?
