iron ore prices - Latest news GMK Center

Despite the positive news, the market remained without clear dynamics

Despite weak demand from China and high production, the market will remain balanced

Mining companies are forced to make concessions to buyers

In the coming years, the NBU predicts a further negative trend for ore prices

Market participants do not predict further price increases

Investors and consumers fear further deterioration in trading conditions

So far, the changes have affected only low-grade products, but there are prerequisites for further price increases for the entire line

A decline in Chinese steel production and a reduction in imports have not led to a significant increase

The reduction in Chinese imports in January-February failed to support the price of ore on the main trading platforms in Southeast Asia

Despite the weakening market, prices remain 3-3.3% higher compared to the end of 2024

Raw material quotations reached a 2-month high

Rising Chinese exports and weak demand in the EU put pressure on prices, affecting production in Ukraine