Iron Ore Market Faces Decline Amid China Slowdown and Shift Toward Green Steel Production
According to a new report from Intel Market Research, the global iron ore market was valued at USD 157,920 million in 2024 and is projected to reach USD 130,930 million by 2032, declining at a CAGR of -2.7% during the forecast period (2025–2032). This contraction is driven by global economic headwinds, a structural slowdown in China's construction sector, and a broader economic shift....
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