22
Mar
11:14
Fitch lifts ore price assumption on China, Ukraine
Fitch Ratings has revised up its 62% Fe iron ore fines price assumption for 2022 to $110/tonne cfr China from $90/t thanks to healthy demand, boosted by extended Chinese government support to infrastructure. This comes amid lower production earlier this year due to heavier-than-usual rains in Brazil, exacerbated by implications of the Russian-Ukraine conflict on iron ore exports.
The hard coking coal price assumption for 2022 has meanwhile been revised up to $300/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous