Author: Adarsh Sahu

Australia: Average iron ore prices to fall to $83/t in CY’25, show govt projections

Jul 4, 2025

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by

Adarsh Sahu

in Fines/Lumps

Strong supply, weak demand likely to pull down prices Crude steel output projected to fall 0.2% y-o-y in CY’25 Mysteel Global: Australia’s Department of Industry, Science and Resources (DISR) predicts that spot prices of 62% Fe grade iron ore fines will average $83/tonne (t) (FOB, Australia basis) in 2025, slightly lower than its previous forecast…