The iron ore market in 2025 did not experience the widespread collapse predicted by some pessimistic forecasts. Instead, it followed an "N-shaped" trend characterized by "higher lows and capped highs." Overall, the price volatility of iron ore in 2025 was significantly narrower compared to the previous two years.

On February 28, the National Bureau of Statistics released the 2022 National Economic and Social Development Statistics Bulletin.

According to the World Steel Association, In January 2023, the crude steel output of the 63 countries included in the statistics of the World Steel Association was 145.3 million mt.