Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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January 2019 | Steel Raw Materials

2019 Starts on a bullish note but long-term outlook remains bearish: Iron Ore Market Analysis

In December, we saw the first month on month drop in the iron ore fines benchmark since July.

The iron ore fines benchmark has been trending upward since last month and this price rise has continued into the first eight days of the year, helped by mills restocking iron ore. Fastmarkets MB’s 62% Fe fines benchmark climbed five weeks in a row and averaged $72.63 per tonne on the week ending Friday January 4. It spiked at a 7-week high above $74 per tonne on January 8. Still, as we expected, prices did not fully recover in December and instead averaged...


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