empty
 
 

2025.09.1906:53:38UTC+00Iron Ore Steadies on Improving Demand

Iron ore futures hovered around CNY 805 per ton on Friday, poised for a weekly increase due to signs of heightened demand for this crucial steelmaking component. Recent industry data from China revealed that hot metal production, an indicator of iron ore usage, surpassed 2.4 million tons this week, with blast furnace capacity utilization rising above 90%. Additionally, pre-holiday restocking in anticipation of the National Day, together with seasonal infrastructure project demands, bolstered the ferrous market. However, the potential for further price elevations might be limited by the increase in overseas shipments and a rebound in local supply. Furthermore, market sentiment was dampened by a lack of new policy measures, as the People’s Bank of China maintained a key interest rate and showed minimal urgency to adjust monetary policy.

  • 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