01
Jul
17:24
Iron ore seen declining, European steel industry consolidating
Iron ore prices are likely to lower to around $80/tonne by year-end, with supply disruptions expected to ease and Vale to bring capacity back online, according to CRU.
Chinese steel demand is supporting increased domestic steel production and growing imports. Outside of China, however, mill margins are squeezed due to cost inflation and low demand. Many assets remain idle in multiple regions, especially in Northeast Asia, Europe and the US. Price increases ar…
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Anonymous
Very good overview of the weekly steel market.
Anonymous