Seaborne iron ore prices remained stable on January 8, 2025, with minimal changes across key indices. Despite a slight decline in iron ore futures, traders exhibited reluctance to sell, resulting in moderate market activity. Steel mills have been restocking at lower levels, contributing to steady transaction prices for PB fines in Shandong and Tangshan. Although the operating rate of blast furnaces increased slightly, the overall market sentiment remains bearish, with expectations for continued fluctuations in iron ore prices in the near term.