Australia's iron ore (62% Fe, CFR China) went up by US$0.2 to US$101.6 on March 20. It has increased by a total of US$1 for this year, increasing by 0.97%. China's real estate sector remains weak, but the government's measures to stabilize the housing market have provided some support, leading to a slight uptick in iron ore prices. However, trading activity remains low.

According to market analysts, Chinese steel mills are gradually resuming blast furnace operations, which is expected to drive further growth in pig iron production. At the same time, iron ore imports into China continue to rise, while sentiment regarding demand remains pessimistic. With both supply and demand increasing, iron ore prices face considerable upward pressure.