14
Dec
03:40
Fitch Solutions foresees iron ore, steel production decline
Fitch Solutions sees iron ore and steel production declining as the UK, EU and US economies slow alongside lower prices, Kallanish notes.
The research house says a decline in demand for steel alongside rising raw material prices will hit steel firms’ capital expenditure in 2023.
In the long term, it expects demand to rebound and production costs to stabilise.
However, it notes that steel producers will spend cautiously in 2023 as global economic growth st…
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