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

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March 2020 | Steel Raw Materials

Supply disruptions lift iron ore prices higher: Iron Ore Market Analysis

The start of the year has been marked by supply-related concerns boosting the price levels, despite the overhanging bearish cloud of the novel coronavirus (2019-nCoV).

The upward movement in iron ore resumed last week across all products. Fastmarkets' iron ore index for 62% Fe fines rose by 2.4% week on week and averaged $90.25 per tonne on the week ending March 6. Although the continued dull Chinese steel market has raised doubts about any potential uptick in Chinese iron ore demand, the concerns about iron ore supply after the disruptions in the two largest exporting countries have shadowed doubts about demand and pulled prices higher.


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