Iron ore hits 4-month high, reaching $107.2
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Update time : 2025-02-11 16:23:50
The price of 62% Fe grade iron ore fines from Australia to China increased by US$0.7 yesterday (February 10), reaching US$107.2, a four-month high. The price rose by US$3.2 in total in February, an increase of 3.1%. The hike so far this year has reached US$6.6, a rise of 6.56%.
As Chinese steel mills resumed work after the New Year holiday, molten iron production increased, mills’ inventories were reduced, and demand for replenishment rebounded, driving iron ore prices to continue to rise.
Market participants believed that iron ore demand will support prices, while steel prices in China have weakened and may put iron ore prices in fluctuation in the short term.
