Research

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

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April 2019 | Steel Raw Materials


Iron ore prices are set to correct further from unsustainably high levels as supply-side constraints ease: Latest Analysis


The spike in iron ore prices amid supply-side concerns shaping the sentiment, coupled with a slack performance of the Chinese domestic and export steel markets, has seen steel spreads (rebar to hot metal) rise by $11 per tonne week on week to $196 per tonne last week.

Iron ore prices are set to correct further from unsustainably high levels as supply-side constraints easeAfter jumping to $95.30 per tonne cfr Qingdao on Monday April 8, a record high since August 7, 2014, the Fastmarkets’ MBIOI62 daily index has rolled back by $0.69 per tonne by Wednesday this week. And we anticipate prices to retreat further, as weather-related disruptions in Australia appear to be fading away. Although the seaborne...

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