The price of iron rises with optimism by expanding the ceasefire between America and China

The price of iron ore was the increase, as reports of a possible expansion of the commercial ceasefire between the United States and China could calm some concerns about the effects of customs duties on the global economy. The metal used to make steel increased more than 2% to approach $ 103 per tonne, after dropping more than 4% during the previous two sessions. The markets obtained some reassurance after the US Minister of Trade Howard Lootnick indicated the possibility of expanding the 90 -day trading resistance with China, in light of the ongoing negotiations between the two largest economies in the world. Although the United States is not a major steel importer from China, the temporary endowment of stress has strengthened economic optimism and demanding industrial raw materials. Supporting positive financial results and the period of announcing more positive financial results in China, the largest steel producing country in the world, can contribute to more iron ore. It is expected that the losses of the countrymen, which number 22 companies, will decrease during the first half of the year compared to the same period last year, according to a report by “Bloomberg Intelligence”. “The margins of the profits of most steel companies increased during the first quarter compared to the same period last year, as it gave indications that they reached the bottom during 2024,” said Bloomberg Intelligence, Michel Lyong, in the memo. Despite the sharp fluctuations in iron ore during 2025, it is currently trading without a change in the price at the beginning of the year, and has only recorded the fifth weekly height in a row, in the longest range of profits since November 2023, and this is mainly due to optimism about China’s efforts to get rid of the productive productive capabilities. Future iron ore contracts rose 2:20 hours by 2% to $ 102.85 per ton, and the provided contracts for the Yuan on the Dalian stock exchange, as well as steel contracts on the Shanghai Stock Exchange.