Australian iron ore export prices dropped 27% due to China's economic uncertainty, reaching near $100/tonne in mid-March.

Australian iron ore export prices have fallen 27% due to China's economic uncertainty, causing prices to drop from $140/tonne in January to near $100 by mid-March. Weakening demand from China, the world's largest steel producer, has led to rising port inventories and stockpiles, indicating a possible slowdown in steel output. Analysts predict prices could remain near $100 for months ahead.

March 24, 2024
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