WebMar 7, 2024 · China's lowering of its economic growth target for 2024 to 5.5% seems at first glance to be bearish for iron ore prices, but there are others factors at play likely to keep upward pressure on the ... WebApr 15, 2024 · The World Steel Association (worldsteel) today released its Short Range Outlook (SRO) for 2024 and 2024. worldsteel forecasts that steel demand will grow by 5.8% in 2024 to reach 1,874.0 million tonnes (Mt), after declining by 0.2% in 2024. In 2024 steel demand will see further growth of 2.7% to reach 1,924.6 Mt.
Iron Outlook 2024: Prices to Face Pressure on Bearish Demand …
WebApr 6, 2024 · HRC steel ended 2024 trading at $666/T – 53.68% down since the start of the year. So far in 2024, the price has seen a steady incline, largely helped by the ending of Covid lockdowns in China. In the … WebSteel rebar futures fell below 4000 CNY/T, the lowest since January 5th, amid weak demand during China's peak construction season. The broad Caixin Manufacturing PMI data showed Chinese factory activity stalled in March, missing projections of further growth … Silver futures surged to a one-year high of 25.6 per ounce in April, tracking the rise … Wheat futures were at $6.8 per bushel, above the 20-month low of $6.6 touched … Gasoline futures rose past $2.8 per gallon, the highest in ten weeks, boosted by … Lithium carbonate prices sank by 60% year-to-date to under CNY 215,000 in April, … US natural gas futures were trading around the $2.1/MMBtu mark, close to levels … Copper futures in the US fell to $4 per pound in the second week of April, the … Data from top producer China showed coal output rose by 9% to 5.9 billion tonnes … Prices for iron ore cargoes with a 63.5% iron ore content for delivery in Tianjin … Heating oil futures were trading around the $2.6 per gallon mark, above a one-year … phone battery low
Column: Steel, iron ore tread narrow path between China and Russia
WebOct 28, 2024 · As a result, steel prices for Ex. Shanghai (China) settled at USD 600/MT. “Whether the demand is there really depends on the steps that China takes to try to hit … WebApr 10, 2024 · International credit rating agency Fitch Solutions in its quarterly iron ore report has revised upwards its iron ore price forecast for 2024 from $110/mt to $125/mt, driven by ongoing optimism from the Chinese economic recovery. The agency stated that the easing of the zero-Covid policy and the real estate sector reform in China will support ... WebThis said steel scrap will not crash back down to earth but instead drop in line with the iron ore price correction, i.e., about 22% by the year's end. In mainland China, the prices of … phone battery low image