Steel prices rise amid Fortescue limits and demand recovery

Iron ore prices rose after the Chinese government expanded its restrictions on Australian company Fortescue, as demand returned to the market following price declines over the past two months. These restrictions supported the iron ore market, despite seasonal demand slowdown in China and increased maritime supplies. The average price of the raw material is expected to reach $91 per ton this year, then decline to $64 in 2031. The market continues to face pressures amid ongoing declines in steel companies' profits and forecasts of reduced demand for iron ore and coke.

articleDetails.fontSize.sizeحجم النص

تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

عرض المقال بالكامل