Almost half of the respondents in the latest S&P Global Commodity Insights’ China Iron Ore & Steel Quarterly Survey think iron ore import volumes will rise in the April-June quarter (Q2), with a third expecting the benchmark price to average below $100/mt CFR in the quarter.
Highlights of this complimentary report:
- One-third of respondents think iron ore prices will average below $100/mt CFR
- Steel production and iron ore imports seen strong, despite ongoing thin margins
- Manufacturing identified as major driver of steel demand for first time
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