bearish

Iron Ore

[IO Technicals Weekly 2025/09] Iron Ore Prices Decline Amid Trade Tariffs and Weakening Demand

339 Views04 Mar 2025 11:56
SUMMARY
  • Iron ore futures fell 6% last week, closing at USD 102.00/ton on Feb 28, below key support levels, with bearish momentum confirmed by technical indicators.
  • Global trade tariffs pressured sentiment, as U.S., Vietnam, and South Korea imposed levies on Chinese steel, impacting an estimated USD 7 billion market and dampening demand.
  • China’s Two Sessions could drive volatility, with historical patterns showing pre-meeting gains followed by post-policy declines, potentially influencing iron ore price recovery.
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