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 (097) 475-20-95
|
|
|
Subscribe to news 
Metallurgy news
- Today
17:00 Indonesia is another “victim” of the correction in the coal market 13:00 How are Mikhail Vasilyevich Lomonosov and labor protection related? 12:00 We've put together a folder of industry channels! 10:00 Visualizing the size of the world's tailings dumps - 07 November 2025
21:00 Metalllus reports net sales growth in the third quarter 20:00 Car production in Argentina decreased year-on-year in October 18:00 In October 2025, retail car sales in India increased by 41% 18:00 Steel imports to Vietnam increased by 33.5 percent in October 2025 compared to September
Publications
09.11 lithium-ion traction batteries from FOMOS EIKTO: an innovative solution for warehouse equipment 06.11 Industrial floors from the company Meridian 03.11 Professional video surveillance for stores 31.10 Professional IT services 30.10 Equire Safe Storage Warehouse
