Iron ore weakness to continue into 2025 and beyond, says Fitch Solutions’ BMI
Looking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.
Bhushan Steel and the Steel Authority of India (SAIL) have recently purchased new iron ore washing plants from CDE Global through its sister company CDE Asia. The iron ore washing plant to be installed for SAIL, a company owned by the Government of India and the country’s largest steel producer, will process tailings from the existing production method to recover high grade ores contained in the smaller particle sizes in Jharkland, India. Read more at http://www.im-mining.com/2010/06/02/recovering-high-grade-iron-ore-in-india/