30
Mar
17:44
Iron ore to hit $90 by year-end: Roper
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Kallanish Consulting Services’ Ian Roper foresees strong supply growth pulling iron ore prices back down towards $90/tonne by year-end.
He said at Thursday’s Kallanish Asia Steel Markets 2023 event in Ho Chi Minh City that iron ore market tightness will fade in the second half of 2023.
According to him, seaborne iron ore supply fell by 50 million tonnes in 2022. However, supply may grow by as much as 60mt this year, driven by volume recovery…
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Siew Mung Tan
Malaysia
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Very good overview of the weekly steel market.
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