27
May
08:54
Iron ore to correct on China developments: Fitch
Iron ore prices should correct later in 2021 after China’s government raised concerns over growing steel and raw materials prices, says Fitch Ratings. Supply has marginally increased in 2021 but the market remains in deficit.
The credit rating agency sees iron ore averaging at $160/tonne cfr China for 62% Fe in 2021 and at $100/t in 2022.
China's government also intends to cut emissions from most polluting industries, including steelmaking. “While…
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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