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Why have iron ore lump premiums reached a 7-Year high?

Source: Mysteel Oct 24, 2025 16:30
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Iron Ore Capacity Demand
Since the start of 2025, iron ore lump premiums have risen steadily. Compared with previous years, two notable dynamics have characterized the market this year: volatility in lump premiums has fallen to its lowest level in nearly seven years, while premium levels have surged to their highest for this period in almost as long. This article examines the key factors driving the increase in lump premiums and evaluates the market outlook for the remainder of the year.
1. Stable and Elevated Lump Premiums Define 2025 Market Trend In the first three quarters of 2025, iron ore lump premiums have steadily risen. As of September 15, the Mysteel SEADEX 62.5% Lump Premium stood at $0.1625/dmtu, the highest level for this period in nearly seven years, up 21.27% from

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