04
Oct
12:16
Macquarie foresees softening iron ore fundamentals
With Chinese steel production likely to decline in the fourth quarter, tight iron ore fundamentals will not be sustained, says Macquarie, which forecasts an average $105/tonne iron ore price for Q4.
The financial services firm says market-driven Chinese production cuts may start to materialise amid elevated raw material costs and high flat steel stocks, and expectations that exports will fall (see Kallanish passim).
Once steel production starts to drop and offtak…
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