Latest news with #steelmarket
Bloomberg
04-07-2025
- Business
- Bloomberg
Iron Ore Gets Second Weekly Boost on Hopes of Supply-Side Reform
Iron ore headed toward the highest close since May as China 's renewed focus on supply-side reform lifted expectations for the country's steel market. Futures of the steel-making ingredient were on course for a second weekly gain as prices rose back above $96 a ton. Beijing's top leaders this week vowed to curb outdated industrial capacity, which could boost prices of raw materials due to the potential positive impact for steel-mill margins.
Bloomberg
18-06-2025
- Business
- Bloomberg
Iron Ore Extends Downward Trend on Weaker Chinese Steel Market
Iron ore edged down for the fifth day, continuing a downward trajectory as China 's steel market weakens. Futures of the steel-making ingredient are at the lowest price since April and touched $92 a ton this week. Prices have been slipping as traders weigh up a return to fundamentals and the decline in China's demand for rebar.
