empty
 
 

2026.04.1506:47:20UTC+00Iron Ore Rises on Stronger Demand

Iron ore futures rose to around CNY 760 per ton, supported by stronger demand as Chinese steel mills ramped up production amid a rebound in downstream consumption. Market sentiment was further boosted by optimism over a potential diplomatic resolution to the Iran conflict, with expectations that a longer-term ceasefire would help revive steel demand in the Middle East. The conflict has disrupted trade flows through the Strait of Hormuz, curbing metals shipments to Gulf countries. The region was China’s second-largest steel export market last year, accounting for about 16% of its record-high exports. At the same time, data showed that Chinese imports of iron ore and concentrates increased 11.5% year-on-year to 104.74 Mt in March, partly reflecting geopolitical realignments as cargoes originally intended for Middle Eastern routes or adjacent corridors were redirected to East Asia.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback