According to SteelRadar data, iron ore prices in Germany were calculated at EUR 108.74 on 23 May. This increase was driven by global economic recovery and growth expectations. On 24 May, prices dropped to EUR 108.46. This decline was attributed to uncertainties over the growth prospects for China's infrastructure projects. Subsequently, iron ore prices fell to EUR 108.18 on 27 May. Following a volatile course, German iron ore prices rose to EUR 108.60 on 28 May. The increase in global demand, especially with the acceleration of infrastructure projects in Europe, supported prices. Iron ore prices in Germany continued to rise on 29 May, reaching 109.12 EUR. Increasing demand for infrastructure projects in China supported prices upwards.
The decrease in the German iron ore market started at the end of May. According to SteelRadar data, prices dropped to EUR 108.66 on 30 May. On 31 May, iron ore prices continued to decline, falling to EUR 108.31. Global economic uncertainties and demand concerns put pressure on prices.
Most recently, on 3 June, iron ore prices in Germany dropped significantly to EUR 100.98. Global economic uncertainties and excess supply pushed prices down.
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