04
Jul
02:57
ING sees iron ore prices easing next year
ING sees 62% Fe iron ore fines averaging at $105/tonne in 2023 and $90/t in 2024, down from $138/t over the second half of 2022.
“More sluggish demand from China, combined with … supply growth, suggests that prices should trend lower in the medium to longer term,” ING says in a note seen by Kallanish.
While it expects iron ore prices to be supported in H2 due to expectations of a recovery in China, it says the longer-term outlook for iron ore i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous