Iron Ore Prices Reach 15-Month High

Iron Ore Prices Reach 15-Month High as China Demand Holds Firm

Iron ore prices stayed strong at the start of 2026.
The market continues to benefit from steady demand in China.

On January 12, Australian 62% iron ore fines were priced at USD 109.3 per ton.
The price edged up slightly from the previous trading session.

This level is the highest seen since October 2024.
It reflects ongoing support from China’s steel production activity.

Molten iron output in China has remained stable in recent weeks.
This has helped keep iron ore demand at healthy levels.

Ahead of the Lunar New Year, many steel mills are restocking.
Seasonal inventory building is providing near-term market support.

Coking coal prices are also moving higher.
Firm coal futures often strengthen sentiment across raw material markets.

Since the beginning of the year, iron ore prices have risen by 2.6%.
The increase has been gradual rather than speculative.

At the same time, supply-side pressure is becoming more visible.
Iron ore inventories at Chinese ports continue to grow.

Finished steel stocks are also increasing.
This may slow raw material purchases after the holiday period.

Market participants are watching mill buying behavior closely.
The recent upward trend could shift into a consolidation phase.

Price swings may become more frequent in the coming weeks.
Traders remain cautious at current price levels.

For steel buyers, iron ore trends remain an important cost signal.
Raw material prices often shape future steel offers.

For updates on steel sourcing and market developments,
please visit https://www.lyhsteel.com.

Australian 62% iron ore fines are trading around USD 109.3 per ton.

Stable Chinese steel output and pre-holiday restocking are key factors.

Yes. Strong coking coal prices are supporting overall market sentiment.

Rising port inventories and higher finished steel stocks may cap gains.

Iron ore prices directly affect steel production costs and future pricing.