22
Sep
04:26
BofA sees near-term iron ore price rise
While remaining cautious on iron ore for 2024, BofA says the combination of government stimulus and official calls to cut steel production could extend the rally in iron prices near-term.
Kallanish notes from a BofA report that higher steel prices are needed to extend iron ore recent rally.
“In our view, an improvement in margins is essential, and that needs steel prices to rebound,” the research house says.
According to BofA, iron ore forwar…
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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