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30 Aug
17:07

Ferrexpo foresees strong pellet demand, but returning supply

Ferrexpo expects continued strong demand for iron ore pellet in the second half of 2017, underpinned by global economic recovery and long-term drivers such as mills needing to reduce CO2 emissions. This comes after increased steel demand and mill profitability, which in H1 reached the highest level since the 2008 financial crisis, led to higher utilisation rates which drove demand for higher grade iron ore. The average price difference between 65% Fe pellet fob …
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