forecast

Iron ore futures on the Dalian Commodity Exchange for the week of April 21-28, 2023, decreased by 2.3% compared to the previous week

Iron ore futures on the Dalian Exchange for the week of April 14-21, 2023, decreased by 5.3% compared to the previous week

European producers fight for orders, China did not show the expected recovery

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

According to analysts, the price of raw materials will be $90-100/ton by the end of the year

Currently, the price of raw materials remains at a high level

Global demand for steel improved at the start of this year

Prices are expected to be above $100/t in the first half of 2023

The organization's steel committee is concerned about the growth of excess steelmaking capacity

At the same time, European plants operate at low capacity

Amid a supply shortage, the cost of iron ore may reach $150/ton

It is expected that in the current year the price will be $350/t