Research

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

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March 2018 | Steel Raw Materials


Prices slide to lowest level in 13 weeks: Iron Ore Market Analysis


Iron ore prices have been held down further by falling Chinese steel prices which turned the mood more bearish.

Iron ore prices fell again last week and have now shed 10.5% in two weeks. The bearish sentiment has taken hold of the market with the fines index spending the majority of the week below the $70 per tonne mark. Metal Bulletin’s 62% Fe fines benchmark averaged at $70.66 per tonne in the week ending Friday March 16, which is a 5.1% week-on-week drop and the lowest average price since the week ending 15 December.

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