The iron ore market in 2025 did not experience the widespread collapse predicted by some pessimists. Instead, it showed an "N-shaped" trend of "rising lows and constrained highs." Overall, the price fluctuations of iron ore in 2025 narrowed significantly compared to the previous two years. Starting at the beginning of the year, market sentiment was boosted by the Central Economic Work Conference at the end of 2024 and the anticipated issuance of trillions of yuan in special government bonds. At the same time, supply from Australia and Brazil faced more frequent cyclone and rainy season disruptions than in previous years, leading to a short-term drop in iron ore shipments and arrivals. The resulting tighter supply-demand balance pushed prices up to around $107/ton. However, the slow pace of resumption of work and production after the Spring Festival, coupled with lower-than-expected recovery in hot metal output, led to a price correction starting in March.

SMM Information & Technology Co., Ltd. (hereinafter referred to as "SMM" or "the Company"), as a professional spot market price reporting agency and information provider, has recently noticed the circulation of false information regarding the fairness of SMM's price assessment.