26
Feb
11:42
Tight supply, demand rebound keep ore elevated: Fitch
Fitch Ratings has revised up its 2021 iron ore price assumption significantly due to tight market supply that is expected to continue in the next couple of years.
Iron ore in 2021 is now seen averaging at $125/tonne cfr China for 62% Fe fines, versus the previous assumption of $75/t and the actual 2020 value of $108/t.
The firmer outlook is also driven by the absence of material new projects over a long period that could offset depleting mines, Fitch says. &ldquo…
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