Iron ore prices fall amid limited downstream steel demand

Seaborne iron ore prices fell on Tuesday May 24 amid limited downstream demand for steel, which has narrowed steelmakers’ margins, sources told Fastmarkets.

Key drivers

Steel prices have fallen because the initial bullish sentiment caused by India's implementation of steel and iron ore export duties has now disappeared, a Hebei-based buyer said. Iron...

Published

Alex Theo

May 24, 2022

12:12 GMT

Singapore