14
Mar
14:01
Fitch raises iron ore, coking coal forecasts
Fitch Ratings has revised up its 2023 price assumption for 62% Fe iron ore fines to $100/tonne cfr China from the previous $85/t.
Its assumption for 2024 price is up to $85/t versus $75/t, and for 2025 price to $75/t from $70/t.
The revisions are due to the expectation that stronger demand from the steel sector in Europe, North America and other parts of Asia will offset gradually reducing steel production in China. Iron ore supply challenges in Brazil, South Afr…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous