06
Dec
02:05
China stimulus optimism supports iron ore prices: ING
ING believes iron ore prices will be supported looking into 2024 amid optimism around China’s economic recovery and further support for the country’s property sector.
The research house expects prices to average $120/tonne in 2024, assuming the government will introduce additional measures to support the economy, with iron ore remaining dependent on economic stimulus from China, it says in a note sent to Kallanish.
With demand largely stable, ING says…
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Anonymous
Very good overview of the weekly steel market.
Anonymous