The seaborne iron ore market experienced further declines on January 28, 2025, as trading activity remained subdued. Prices dropped significantly due to weak demand stemming from China's ongoing economic challenges, particularly in the real estate sector, which accounts for a substantial portion of steel consumption. Major producers have maintained stable output levels, contributing to high port stocks in China. Analysts predict that unless there are signs of a sustained recovery in China's economy, iron ore prices will likely remain under pressure in the near future.