23
Nov
13:07
Higher stocks moderate ore prices, downside limited: Fitch
Higher inventories than in the previous two years will moderate iron ore prices in 2022, but cost inflation – including shipping rates and environmental compliance – will limit downside risks in the coming years, says Fitch Ratings.
The credit rating agency has cut its 2022 iron ore price assumption to $90/tonne from $100/t cfr China for 62% Fe fines. “We expect the iron ore market to be more balanced in 2022 following a large deficit in 2021,&rd…
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Anonymous
Very good overview of the weekly steel market.
Anonymous