empty
 
 

2025.09.0506:24:04UTC+00Iron Ore Slips on Softer Post-Parade Recovery

Iron ore futures fell below CNY 787 per tonne on Friday, reversing earlier gains as demand in China, the leading consumer, did not meet expectations following the military parade. Data revealed a 4.7% decline in average daily hot metal output, a critical indicator of iron ore demand, dropping to 2.29 million tons by September 4—the lowest level since February 28. This unexpected dip occurred despite predictions for a more robust recovery as steel mills resumed operations on Thursday. On the supply front, increasing stock levels have contributed to limiting price growth. Concurrently, Goldman Sachs increased its average iron ore price projection for the fourth quarter of 2025, while maintaining its end-of-2026 forecast. Looking ahead, consultancy firm Wood Mackenzie forecasts that China's steel consumption will decrease by 5-7 million tons annually over the next decade.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback