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

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March 2020 | Steel Raw Materials

Risk of supply disruptions keep prices elevated: Iron Ore Market Analysis

After the heavy rains in Brazil, Vale flagged for further disruptions due to the coronavirus.

Iron ore prices have remained elevated above the $90-mark and rose again slightly last week. Fastmarkets' iron ore index for 62% Fe fines was up by 0.3% week on week and averaged $90.51 per tonne on the week ending March 13. There are still many market participants who remain on the fence and wait to make any big decisions, especially with the rapidly changing situation across the globe with the novel coronavirus (2019-nCoV). There has been even more upward support to prices due to...


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