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

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January 2020 | Steel Raw Materials


Iron ore prices recovered, temporarily in our view, at the start of January: Latest Analysis


Blast furnace iron production, as well as some downstream steel products, including bar and rod, actually accelerated last November contrary to our expectations but demand momentum would appear to have fallen since.

Iron ore prices recovered, temporarily in our view, at the start of January after faltering through the end of December. We understand that some buyers are still busy procuring before the Spring Festival (Chinese New Year) begins later in January. Blast furnace iron production, as well as some downstream steel products, including bar and rod, actually accelerated last November contrary to our expectations but demand momentum would appear to have fallen since. According to the China Iron & Steel Association (CISA), finished steel...

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