BHP Group Ltd

BHP: XASX (AUS)

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Iron Ore Miner Coverage Fairly Valued to Overvalued After Updating Our Commodity Price Assumptions

Jon Mills

Jan 16, 2026

The iron ore price is up on last quarter as China's imports remain strong despite its steel production falling below 1 billion metric tons in 2025 for the first time since 2019. Its anti-involution campaign is reducing overcapacity, mainly via the closure of smaller, less efficient steelmakers.

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BHP Group Ltd

Iron Ore Miner Coverage Fairly Valued to Overvalued After Updating Our Commodity Price Assumptions

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