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.
MEPS forecasts global stainless steel production at 20.8 million tonnes in 2009. The Western world figure (excluding China and Russia), at 13.5 million tonnes, would be the lowest since 1994 and the third consecutive annual decline in stainless steel output….more at MEPS