Fitch

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Fitch raises ore price forecast for 2024 to $110/t

Price expectations for the coming years reflect a transition to oversupply

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Fitch Solutions downgrades global steel price forecast for 2024

The average global steel prices this year will be at the level of $660/t

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Fitch leaves iron ore price forecasts unchanged

As in the March forecast, the price is expected to be $105/t this year

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Fitch revises global GDP growth forecast in 2024 to 2.6%

The forecast for the growth of the Eurozone economy for the current year has been increased from 0.6 to 0.8%

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Fitch forecasts steel production growth in China in Q2

Steel companies are encouraged to increase steel production amid improving earnings

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Fitch Ratings upgrades iron ore price outlook for 2024-2026

The price for iron ore is expected to reach $105/t this year

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Fitch revised its forecast for global GDP growth in 2024 to 2.4%

Earlier, the agency expected the global economy to grow by 2.1% this year.

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Fitch forecasts an increase in demand for steel in most regions in 2024

A slight decrease in production is expected in China, and European steel industry will return to positive dynamics

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Fitch raised iron ore price forecast for 2023-2026

The price for this raw material is expected to reach $118/t in 2023

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Fitch confirmed Metinvest’s rating at the level of CCC

The agency points to the stability of the company due to international assets

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Fitch revises iron ore price forecast in 2023 from $100/t to $105/t

For 2024-2026, the forecasts remained unchanged – $85/t, $75/t and $70/t, respectively

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Fitch has revised its 2023 iron ore price forecast upward

As the agency expects, iron ore quotations in the current year will be $125/t

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