News and Events

The price of 62% Fe grade iron ore fines from Australia to China rebounded yesterday (January 16), rising back to US$129.25. In spite of the weak steel prices in China, the molten iron output will gradually rebound after steel mills resume production following maintenance in mid-to-late January. Due to expected strong demand and miners going to enter the off-season for shipments, coupled with the coming rainy season in Brazil, the price of iron ore was driven up accordingly. However, amid the current weak demand and delayed production resumption in China, the iron ore price was expected to fluctuate at high levels.