22
Feb
13:28
Fitch Solutions lifts ore forecast on China investment
Fitch Solutions has revised up its 62% Fe iron ore price forecast for 2022 to $120/tonne cfr China from $90/t, as prices reversed course in December 2021 and are embarking on an uptrend after collapsing in mid-2021. Prices in 2023 are forecast at $110/t.
While the research firm expects prices to see some weakness in the coming days amid the Chinese government crackdown on speculative trading, this should only be temporary. Prices should receive support from supply…
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Anonymous
Very good overview of the weekly steel market.
Anonymous