Iron Ore & Steel Outlook

Expert iron ore and steel market insights
Our quarterly iron ore and steel outlook is published in our Quarterly Metals Report, which covers base, precious and ferrous metals. The impact of supply and demand fundamentals and macroeconomic implications for the iron ore and steel futures and spot prices are analysed. Our research team produce iron ore and steel price range forecasts as part of the report.

Iron Ore & Steel Outlook – Q4 2023
Iron ore prices remained elevated in Q3 2023 despite a struggling Chinese economy. Steel mills are expected to ramp up production during the peak construction season, but low consumer confidence is hampering property investment. Uncertainty around mandatory curbs will weigh on the outlook. Demand in China will continue to be the primary driver for iron prices. We expect prices to average $100/mt in Q4 2023, with downside risks due to potential China steel output cuts and an uncertain property sector outlook.
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