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Iron Ore & Steel Outlook

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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.

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Iron Ore & Steel Outlook – Q2 2023

Iron ore futures sold off sharply in April, weighed down by weakening optimism out of China and subsequent output cuts from stainless steel producers. Q2 refined output still faced large uncertainties, and we expect prices to remain weak. Sustainable recovery should only coincide with protracted recovery in the construction sector, which we do not expect to take place until the latter half of the year. In the meantime, only when the steel mill cuts are deep enough to offset the demand losses, we then can expect prices to bottom out and recover...

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