BMI, a research institution under Fitch Solutions, forecasts that iron ore prices will maintain an average level of $100 per ton in 2025. The demand outlook remains weak, which could continue to pressure prices unless additional support measures are implemented in Asia in the coming months.
The report highlights that steel production in some Asian countries remains sluggish, with iron ore demand persistently low and inventories significantly increasing. These factors are expected to constrain iron ore prices in the near future. On the supply side, major miners are maintaining stable production levels.
