15
Mar
02:42
Iron ore to average $115/t in Q2: Macquarie
Macquarie forecasts 62%Fe iron ore indexes to average $115/tonne in the second quarter of 2024. It also expects hot metal output to pick up, Kallanish notes.
The research house says in a report that there is a potential for a further drop in iron ore prices in the near term with stagnant Chinese consumption and port stocks having returned to a high level.
However, it notes that any sequential improvement in hot metal output and turn in the port stock trend should…
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Anonymous
Very good overview of the weekly steel market.
Anonymous