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Iron ore prices drop for third straight month.
China’s potential steel cuts weigh on demand.
Market awaits clarity on production policies.
New Delhi, April 30, 2025 — Global iron ore prices recorded their third consecutive monthly drop as market sentiment turned cautious over potential steel production cuts in China. Benchmark iron ore futures on the Dalian Commodity Exchange slipped nearly 2.5% in April, following steady declines in February and March.
Traders and analysts attribute the softening prices to growing speculation that Chinese authorities might curb steel output to meet environmental targets and stabilize domestic markets. Typically, steel output cuts in China — the world’s largest steel producer and iron ore consumer — have a swift and direct impact on global iron ore demand.
Market participants also pointed to sluggish downstream demand in China’s construction and manufacturing sectors, coupled with rising stockpiles at major ports, as reasons behind the weakening trend.
Industry experts suggest that unless China offers clarity on its steel output policy for the coming quarter, iron ore prices could remain under pressure, with volatility expected in both spot and futures markets.
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