Research

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

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January 2019 | Steel Raw Materials


Prices remain firm despite bearish outlook: Iron Ore Market Analysis


A force majeure in Australia shook the market last week but is not likely to significantly impact prices.

The iron ore price continued its gradual climb and rose for a sixth consecutive week. At the moment, iron ore prices linger at higher levels than we expected and received a boost from domestic Chinese steel prices which rose slightly last week. However, the increase in the iron ore fines benchmark has been steady, with moderate daily movements by less than a dollar up or down. Fastmarkets MB’s 62% Fe fines benchmark rose 1.5% and averaged $73.74 per tonne on the week ending Friday January 11. A force majeure in Australia shook the market last week but...

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