17
Jun
10:19
Fitch raises iron ore assumption amid supply concerns
Fitch Ratings has raised its average 62% Fe iron ore fines price assumption for this year to $120/tonne cfr China, from $110/t, amid supply concerns due to the Ukraine-Russia war, Kallanish notes.
The rating agency, however, maintains iron ore price forecasts at $85/t, $75/t and $70/t in 2023, 2024 and 2025 respectively. It also maintains its long-term iron ore price assumptions at $70/t.
According to Fitch, the increased 2022 iron ore price reflects the strong …
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Anonymous
Very good overview of the weekly steel market.
Anonymous