There has been a significant change in the iron ore market, which has continued its downward trend in the global context for some time, causing fluctuations. Sources speaking to SteelRadar underlined that this decrease will maintain its continuity, while it was also reported that China's consumption has a very important share in this issue.
After starting the week of March 25 with a steady price of EUR 102.03, a level last reached on March 22, iron ore prices in Germany continued their downward trend with slight decreases throughout the week, closing the week at EUR 101.56.
According to SteelRadar data, iron ore, which recorded its highest level at EUR 107.74 in the first week of March, entered April trading at EUR 95.37, down EUR 6.19 from EUR 101, following fluctuations in Germany until the end of the month. Iron ore prices in Germany have not reached these price levels since the second quarter of 2023, sources noted, adding that further decreases are expected.
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