Iron Ore Prices man

Iron ore prices averaged USD 100.71 per metric ton in June, down 7.2% from May. On 30 June, the commodity traded at USD 99.00 per metric ton, down 6.2% from 29 May.

In June, average iron ore prices fell at the sharpest pace in two years, posting the worst performance in the base metals complex. The drop was driven by concerns over seasonally weaker demand, rising seaborne supplies, and still-elevated Chinese port inventories. Moreover, Chinese steelmakers faced renewed margin pressure, with profitability among surveyed mills falling to about 51% due to higher costs and a fatal coal-mining accident in Shanxi.