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

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March 2020 | Steel Raw Materials

Supply tightness offsets coronavirus impact on steelmaking raw material prices: Latest Analysis

While the steel and general steelmaking raw materials outlook remains weakened by the ongoing impact of the coronavirus outbreak and its uncertain duration, metallurgical coal developments are quite distinct as supply tightness will likely offset setbacks in demand.

Supply tightness offsets coronavirus impact on steelmaking raw material prices We have upwardly revised iron ore price forecasts and expect prices will remain relatively elevated in the near term amid tighter supply. In February, Brazil exported 22.10 million tonnes of iron ore, the lowest level since post-disaster lows of March and April last year, as heavy rains in the south-eastern region of the country adversely affected production and transportation,...


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