forecast

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Global economic growth to slow to 3% in 2023 – OECD

Global economy will slow down to 2.7% in 2024

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EC has worsened the forecast for the growth of the Eurozone economy in 2023

GDP of the Eurozone and the EU is expected to grow by 0.8% this year

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Financial conditions will hold back the global economy in 2023 – Moody’s

According to the forecast, GDP growth in the G20 will slow to 2.5% this year

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Analysts predict iron ore prices to fall to $90-100/t in 2023

This is due to weak demand from Chinese steelmakers amid the situation in the construction sector

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The volume of construction in the EU will decrease by 0.5% in 2023 – EUROFER

In 2024, the volume of construction will recover to 0.7%

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Global electricity demand to grow by 3.3% in 2024

This year it will increase by about 2%.

metinvest.media
Demand for steel in the European Union will grow by 0.3% in 2023 – EUROFER

The growth of consumption will be ensured by the automotive and machine-building sectors

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Australia may abandon hydrogen exports in favor of green steel – Sanjeev Gupta

The future of the country may lie in the use of DRI in conjunction with electric arc furnaces

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Consumption of steel products in the EU in 2022 fell by 7.2% – EUROFER

Apparent steel consumption expected to fall 1% in 2023

riotinto.com
Iron ore quotations are approaching the $100/t mark

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

Bloomberg
Iron ore prices fall to a four-month low of $107/t

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

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