Steel Market Update – Advisory Bazaar Info Services

Date: June 19, 2025

📉 Decline in Iron Ore Futures – Concerns Over Demand in China

🔻 Iron ore prices dropped to ₹693 per ton — the lowest level in the past two months.

🌧️ Bad weather has disrupted construction and industrial activities in northern China.

🏭 China’s steel production fell by 6.9% in May — marking the first decline in several months.

📉 The drop in steel production has weakened demand for raw materials, further dragging down iron ore prices.

🌍 U.S.-Iran tensions and other geopolitical events have dampened overall market sentiment.

💵 The Federal Reserve kept interest rates unchanged, but warned of rising inflation due to Trump-era tariffs.