The Bank of America’s global research team is lowering its price forecast for iron ore fines in 2022 by 45% to $91 per tonne (down from its previous forecast of $165 per tonne) on the back of enforced steel production cuts in China. Beijing’s restrictions on steel output are driven by its goal of driving down emissions.
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Metal News & Events
Metal news
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Bank of America cuts iron ore price forecasts
23 Sep 2021 Steel -
China's domestic stainless steel prices surge to 10-year high
23 Sep 2021 Steel -
Record natural gas, resulting power prices cause alarm in Europe’s steel industry
22 Sep 2021 Steel -
Over 177% rise in stainless steel imports
22 Sep 2021 Steel -
Mexico’s steel exports set record
22 Sep 2021 Steel -
Iron ore prices plunge as China curbs steel sector output
22 Sep 2021 Steel -
Iron Ore Prices Fall Below $100 per Ton on Weak Demand in China
21 Sep 2021 Steel -
Olympic Steel sells Detroit operations for $ 58.4 million
21 Sep 2021 Steel -
Nucor plans $2.7B steel plant, its largest construction project ever
21 Sep 2021 Steel -
Centre launches Dashboard 2.0 to analyse and monitor the performance of steel firms on a real time basis
21 Sep 2021 Steel -
Iron ore prices dip on fears of slowing China demand
20 Sep 2021 Steel -
Steel campaigners demand action over soaring energy costs amid shutdowns
20 Sep 2021 Steel -
Vietnam: Steel exports surge 127 pct
20 Sep 2021 Steel -
Tata Steel, JSW Steel subsidiaries ramp up capacity in tinplate
20 Sep 2021 Steel -
BANGLADESH STEEL SCRAP: Major mills avoid containers after recent bulk buys
17 Sep 2021 Steel
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