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High-grade iron ore: three key things to look out for in 2025
Import interest for high-grade iron ore, including high-grade sintering feed, pellet and pellet feed, in the seaborne market largely correlated with steelmaking margins for most of 2024, and market participants are expecting a similar trend in the year ahead. Downstream steel prices and steel profit margins remain critical bellwether for high-grade iron ore demand A Shanxi-based steelmaker said demand for high-grade fines is expected to be weak in the first quarter of this year, in line with poor steelmaking margins. “As long as the perennial issue of overcapacity and oversupply remains unresolved amid a sluggish ... (full story)
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- Posted: Jan 10, 2025 6:46am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 94
