In January xxxx, Iron Oxide experienced a decline in prices globally due to sluggish demand in global markets such as the USA, Brazil, Asia, and Europe. The decrease in prices can be attributed to weak demand from downstream industries like construction and paints and coatings worldwide. Further, factors such as disruptions in the supply chain due to lower water levels in the Panama Canal, and an attack on Red Sea transportation by Houthi rebels during an economic downturn have collectively influenced market conditions. These circumstances have led to a price drop of xxx in Germany & China, xxx in the USA, and xx in Brazil.
In Europe, the Iron Oxide market has shown a downward trend, mainly due to a slowdown in demand from downstream industries such as construction, paint, and coatings during this period. German business sentiment unexpectedly deteriorated in January, as Europe&#xx;s largest economy continues...
