Kallanish Steel Weekly
Issue 38, 2023 - This week's editorial: Australia sees iron ore prices falling during the next two years
The Australian government foresees iron ore prices moderating further as global demand softens. 62% Fe iron ore fines spot prices in 2023 are seen averaging at $100/tonne, according to the industry ministry’s …
Issue 37, 2023 - This week's editorial: OECD sees global steel market weakness increasing amid Chinese slowdown
The OECD Steel Committee expressed grave concern this week about the deterioration in global steel market conditions currently being driven by growing overcapacity, softening demand for steel, and government interventions in some economies. …
Issue 36, 2023 - This week's editorial: Iron ore price outlook remains strong for 2023
BMI, a unit of Fitch Solutions, has maintained its 2023 iron ore price forecast at an annual average of $110/tonne, with strong risks to the upside.
BMI says in a note that the iron ore …
Issue 35, 2023 - This week's editorial: Coking coal markets could 'break' in the near future
A looming global shortage of coking coal supply is being exacerbated by problems with investing in new mining capacity. If supply does not pick up, coking coal markets could “break”, according to Mark Bolton, …
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