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The agency has also revised its forecast for coking coal prices this year to $220/t, up from $190/t previously

The agency expects $100/t in 2025 and $90/t in 2026 amid stable global demand

Price expectations for the coming years reflect a transition to oversupply

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

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

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

Steel companies are encouraged to increase steel production amid improving earnings

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

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

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

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

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