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forecast - Latest news GMK Center

Photo – BMI forecasts ore prices at $100/t in 2025
BMI forecasts ore prices at $100/t in 2025

Commodity prices will remain sensitive to incentives announced by the Chinese authorities

Photo – Goldman Sachs has downgraded its forecast for euro zone GDP growth in 2025
Goldman Sachs has downgraded its forecast for euro zone GDP growth in 2025

Bank economists lowered expectations to 0.8% from 1.1%

Photo – EU steel distributors face weak demand – EUROMETAL
EU steel distributors face weak demand – EUROMETAL

The sector has expectations for stabilization or a slight increase in prices

Photo – IMF forecasts global economic growth of up to 3.2% in 2024-2025
IMF forecasts global economic growth of up to 3.2% in 2024-2025

In 2024, GDP growth in the Eurozone is forecast by 0.8%

Photo – The World Bank expects China’s economy to slow down in 2025
The World Bank expects China’s economy to slow down in 2025

China's GDP is expected to grow by 4.8% this year

Photo – OECD forecasts global GDP growth of 3.2% in 2024-2025
OECD forecasts global GDP growth of 3.2% in 2024-2025

Last year, according to the organization, this indicator was 3.1%

Photo – Vale has raised its iron ore production forecast for 2024
Vale has raised its iron ore production forecast for 2024

The company updated its expectations despite the decline in prices on the global market

Photo – IfW predicts a 0.1% decline in Germany’s GDP in 2024
IfW predicts a 0.1% decline in Germany’s GDP in 2024

Previous positive expectations caused by early indicators disappointed analysts

Photo – Chinese steel exports to hit eight-year high in 2024 – FT
Chinese steel exports to hit eight-year high in 2024 – FT

Such volumes threaten to increase tensions in global trade

Photo – India to increase steel production to 152 million tons in FY2024/2025 – forecast
India to increase steel production to 152 million tons in FY2024/2025 – forecast

Demand for iron ore in the country will grow by 9% compared to the previous fiscal year

Photo – EC has improved its forecast for EU economic growth in 2024
EC has improved its forecast for EU economic growth in 2024

It is expected that the bloc's GDP will grow by 1% y/y this year

Photo – Iron ore price to exceed $100/t in 2024 – HSBC
Iron ore price to exceed $100/t in 2024 – HSBC

The global maritime market will remain in deficit in 2024-2025

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