04
Feb
00:00
Fitch revises down iron ore price assumptions on weaker CN steel growth, fewer mine closures
Fitch Ratings has revised downwards its iron ore price assumptions owing to expectations of weaker Chinese steel output growth and fewer mine closures. The credit rating agency now assumes a price of $65/tonne cfr China for 62% Fe fines in 2015. This will rise to $75/t in 2016 and $80/t over the long term. Previously Fitch had assumed a constant $90/t price over all three periods.
“The price revisions primarily reflect weaker expectations for Chinese s…
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