Australia's iron ore (62% Fe, CFR China) price on February 25 increased significantly by US$1.9 to US$101.05, reaching a new high since February 13. Iron ore prices rose again as Chinese steel mills resumed post-holiday restocking following the end of the Chinese New Year. Some mills replenished inventories, while hot metal output rebounded and port arrivals declined, supporting the iron ore price increase.

Meanwhile, higher shipments of Australian iron ore contributed to a noticeable rise in global deliveries. Market participants said that uncertainties from US tariffs and the upcoming Two Sessions in Beijing could trigger market fluctuations. In the short term, iron ore trends will depend on the post-holiday demand from Chinese steel mills.