25
Mar
01:12
Fitch upgrades iron ore, coking coal price forecasts
Fitch Ratings has upgraded its iron ore and coking coal prices forecasts on tight supply. However, it downgraded nickel price assumptions on oversupply, Kallanish notes.
Fitch says in a note it has revised upward the iron ore price forecast for 2024 to $105/tonne, from $95/t previously.
It has also increased iron ore price forecasts for 2025 and 2026 to $90/t and $85/t, from $80/t and $70/t respectively.
“The increased iron ore assumptions for 2024-2026…
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Anonymous
Very good overview of the weekly steel market.
Anonymous