Iron prices started off strong at the beginning of 2024, but have since dropped steeply to two-year lows. Market watchers are ...

Iron ore prices are expected to remain low in 2025 due to weak steel demand, ample supply, and China's slowing economy.

Iron ore futures dropped as much as 1.8% to $98.95 a ton, the lowest intraday price since Nov. 19, before trading at $99.10 at 1:44 p.m. local time. Steel futures in Shanghai were weaker.