07
Oct
11:37
Australia sees China demand delaying ore price drop
The Australian government expects iron ore spot prices to fall to $55/tonne fob by the end of the second quarter in 2021, it says in its 2020-2021 federal budget papers. This is, however, two quarters later than was assumed in the July update due to sustained strong Chinese demand.
“Consultation by Treasury highlighted a relatively common view that, while supply issues from Brazil are easing slightly, in the near term global supply is not expected to recover…
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Anonymous
Very good overview of the weekly steel market.
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