The price of Australian iron ore, 62 percent iron content delivered to China, rose 0.85 dollars to 106.45 dollars a tonne on 26 November 2025, its highest level since 31 October, even as China's futures and spot steel prices fell on the same day. Traders said expectations of another interest rate cut by the United States Federal Reserve and of fresh stimulus from China's December Politburo meeting and Central Economic Work Conference were lifting market confidence. The rise came despite soft fundamentals: colder weather was further weakening already sluggish steel demand in China, and mills were cutting hot metal output. The Platts 62 percent index had climbed from 102.05 dollars a tonne on 7 November, and port inventories remained high. Market participants expected the iron ore price to stay volatile in the short term, caught between policy hopes and weak physical demand.
Source: Yieh Corp Steel News — https://yieh.com/en/News/iron-ore-price-on-nov-26-climbs-to-one-month-peak-on-chinas-policy-hopes-fed-rate-cut-expectation/158015
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