02
Dec
12:54
Fitch foresees lower ore prices despite tight supply
Fitch expects the 62% Fe benchmark iron ore price to fall below $100/tonne going into 2021, but the iron ore market will remain tight in 2021 and possibly 2022. Ore supply will be stronger in the second half of 2020, following H1 disruptions, but port congestion in China is delaying restocking.
“Chinese steel production has most likely reached a high in 2020, with inventory build-up suggesting that real consumption has not kept pace with production and some …
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