Iron ore and scrap prices fall, coking coal prices rise

On April 16, 2025, iron ore prices fell 62% to $98.95, while premium coking coal rose 2.51% on the FOB Australian market. Scrap prices also fell significantly. These fluctuations reflect increasing pressures on the global steel and foundry industries.

According to Platts TSI assessment on April 16, 2025, the price of 62% iron ore delivered to North China decreased by $1 to $98.95 per ton. This decrease indicates a continuation of the downward trend in the steel raw material market.

In the coal sector, premium coking coal in FOB Australia transactions increased by 2.51% to $187.60 per ton. However, in CFR China contracts, it was traded by 0.29% to $172. The Australian premium coking coal export index also recorded the same increase.

On the other hand, the price of 80/20 heavy iron scrap delivered to Turkey decreased by 3.36% to $345 per ton, which could have a significant impact on production costs in the steel and foundry industries.

These price fluctuations have put additional pressure on global steel and casting producers and have made the market outlook uncertain.