13
Dec
03:00
Fitch raises coking coal forecast, cuts nickel projection
Fitch Ratings has increased its coking coal price forecast but cut its nickel price projection, Kallanish notes.
The rating agency says coking coal assumptions for 2023-2024 have been hiked to reflect year-to-date prices and higher production costs.
The new price forecasts for coking coal stand at $290/tonne and $210/t for 2023 and 2024, respectively, up from previous forecasts of $250/t and $190/t. Meanwhile, price assumptions for 2025 and 2026 remain unchanged …
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Very good overview of the weekly steel market.
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