18
Feb
16:48
Fitch Solutions revises up iron ore price forecast
Fitch Solutions Group Limited has revised upwards its 2020 iron ore price forecast to an average of $85/tonne from $80/t previously. Iron ore import prices at Qingdao port in China have collapsed in recent weeks following the 2019-nCoV epidemic spread, and this trend is seen as having further room to run. However, prices should stabilise in the second half of 2020.
“As the market has been aware of the viral outbreak for the past few weeks, we believe most of…
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Anonymous
Very good overview of the weekly steel market.
Anonymous