15
Jul
04:34
ING: subdued demand to pressure iron ore prices
ING expects iron ore prices to fall further in the third quarter amid subdued demand and sufficient supply before recovering towards the end of the year, Kallanish notes.
The research house says in a note that it sees iron ore prices averaging $105/tonne in the third quarter with a 2024 average of $110/t.
According to ING, downside risks for iron ore prices are likely to prevail in the near term amid subdued steel demand.
“We believe China will…
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Anonymous
Very good overview of the weekly steel market.
Anonymous