Research

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

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May 2019 | Steel Raw Materials


Prices remain firm but downward corrections ahead: Iron Ore Market Analysis


The iron ore market has not completely returned to the usual volumes after the supply disruptions and this provides support to the current high price levels.

Iron ore prices continue to linger at five-year highs close to the $100 mark. As China celebrated the Labor Day holidays and took a pause from trading from Wednesday and onward, trading in the seaborne market remained limited and prices were flat throughout most of the last week. The Fastmarkets MBIOI62 index still gained week on week and reached the second highest level since August 2014, climbing to $94.14 per tonne on the week ending Friday May 3. Prices for fines with higher iron content hit the highest...

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