30
Nov
03:11
BMI: iron ore to gain further in 2024
BMI has raised its 2024 iron ore price forecast to an annual average of $120/tonne from $100/t previously, in light of continued resilience in prices with favourable fundamentals and positive sentiment, Kallanish notes.
The research house says in a note that the positive sentiment is underpinned by Chinese stimulus hopes, falling port inventories and strong demand from the country's non-property sectors.
Despite Mainland China's uneven economic growth an…
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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