07
Apr
04:49
Fitch Solutions revises iron ore price forecast higher
Fitch Solutions has made an upward revision to its 2023 iron ore price forecast from an annual average of $110/tonne to $125/t. A stronger-than-expected recovery in China's economy has worked to boost physical demand for steel, Kallanish notes.
The research house believes that market optimism coupled with an improving demand outlook will support iron ore prices in the near term. It says that China’s pivot away from its zero-Covid policy and mi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous