04
Jul
04:57
Softening demand to drag iron ore prices: Australia
Iron ore prices are expected to ease as global iron ore demand softens, according to the Australian government’s latest Resources and Energy quarterly report seen by Kallanish.
From an estimated average price of around $98/tonne in 2023, the benchmark iron ore price is projected to steadily fall to an average of about $74/t by 2025.
China, which accounts for almost 60% of global iron ore demand, is projected to see a modest fall in total steel output o…
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Anonymous
Very good overview of the weekly steel market.
Anonymous