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.
ET reported that some of the Indian steelmakers claim that they will benefit from the government’s decision to impose 30% duty on ore exports as it will make the mineral cheaper by almost 50% for local steel companies. Mr Seshagiri Rao joint MD & Group…
