forecast - Latest news GMK Center

BHP Group believes that its commodities portfolio is able to withstand various scenarios

The main reason is Trump's trade war

The global economy will be affected by escalating trade tensions and political uncertainty

The World Trade Organization expects a 0.2% year-on-year decline

The forecast was made against the backdrop of a gloomy situation in global steel production

A moderate boost to economic activity could come from lower inflation and monetary policy easing

Prices for steel products in the country may increase in the event of the introduction of a protective duty on imports

Iron ore prices will fall in the future due to softening demand and new supply

The bank predicts that in 2025 the price of this raw material will average $95/t

The forecast for the current year is 0.7%, compared to 0.8% expected in September

Stable low demand and complex dynamics were recorded in November

Price expectations for the coming years reflect a transition to oversupply