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Home Steel News Iron ore price increases as molten iron output keeps growth
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Iron ore price increases as molten iron output keeps growth

7 May 2025 13:49 reported by Stanley Wang

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On May 6, Australia's iron ore (62% Fe, CFR China) increased by US$0.95 to US$98.95, which has reached a new high since April 29. Following the Labor Day holiday, the recovery in steel mill profits led to the restart of blast furnaces, resulting in a slight increase in average daily molten iron output this week, reaching 2.45 million tons, a record high for the same period.

Meanwhile, a slight decline in global shipments and a drop in port inventories in China helped drive up iron ore prices. However, steel mills remained cautious about restocking. With iron ore arrivals expected to rise and growing expectations of a cut in crude steel production, market participants believe iron ore prices will continue to face short-term pressure.

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Metal Price Index

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  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug25002600270028002900
  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug23002400250026002700
  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug900092509500975010,00010,250
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