Iron ore prices are currently below $100 per ton, significantly distanced from the 2021 boom and the prior years' average of around $125. There's a potential for prices to stabilize at approximately $90, but if prices drop to $80, the free cash flow yield could plummet to 3%. Although long-term growth is expected due to urbanization and energy transition, short-term demand from China is weakening as it shifts toward a service economy.