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

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February 2020 | Steel Raw Materials

Weather disruptions shape the market once again: Latest Analysis

On the supply side, the damages which the cyclone has caused to infrastructure at Rio Tinto’s Pilbara Port and the connecting rail network in Western Australia mean that operations will not return to normal immediately.

Weather disruptions shape the market once again Iron ore prices have bounced back after supply disruptions in both major export markets, Brazil and Australia. The Fastmarkets' 62%Fe fines benchmark averaged $86.94 per tonne cfr last week, up 5.5% week on week. This week so far prices have exceeded the $90-per-tonne mark. On the demand side, in the meantime, the...


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