Seaborne iron ore prices are on the rise due to increased trading activity and stable market fundamentals, highlighting steady demand and opportunities for growth while emphasizing the importance of monitoring market trends to manage risks effectively.
The recent doubling of Section 232 tariffs to 50%, announced by President Trump, has introduced significant uncertainty to the US steel market, with traders reporting disruptions to imports, paused domestic mill quotes and concerns over potential price increases amid modest demand. Industry participants are now assessing how the additional costs will be absorbed across the supply chain.
