SSAB sees growing demand for niche steel products

Lower Chinese steel product inventory driven by robust exports also supported iron ore prices above $100/t.

The miner said the deal and other 2024 sales will raise $3.6 billion.

Looking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.

A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.