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Australia extends iron ore price outlook above $100 per tonne to late 2021


Australia extends iron ore price outlook above $100 per tonne to late 2021
Australia expects the iron ore price to stay above $100 per tonne until late 2021 - instead of mid-2021 as it said in a previous report - and decrease to $72 per tonne by the end of 2026.
This iron ore price outlook for the rest of 2021 is supported on strong demand from China and concerns about disrupted supply in Brazil, Australia’s Department of Industry, Science, Energy & Resources said in its resources and energy quarterly report released on Monday March 29.
On the iron ore supply side, Australia expects challenges from competitors such as South America and Africa who should increase iron ore output in the coming years, but global iron ore markets should remain tight with slow growth in both supply and demand over the next five years, Fastmarkets heard. ....

United States , Australia Department Of Industry , Energy Resources , Monday March , South America , Iron Ore Price , Iron Ore Index , Iron Ore Exports , Resources And Energy Quarterly , Nathan River , Nt Bullion , Rio Tinto , ஒன்றுபட்டது மாநிலங்களில் , ஆஸ்திரேலியா துறை ஆஃப் தொழில் , ஆற்றல் வளங்கள் , திங்கட்கிழமை அணிவகுப்பு , தெற்கு அமெரிக்கா , இரும்பு ஒரே ப்ரைஸ் , இரும்பு ஒரே குறியீட்டு , இரும்பு ஒரே ஏற்றுமதிகள் , வளங்கள் மற்றும் ஆற்றல் காலாண்டு , நாதன் நதி , ந்த் பொன் , ரியோ டின்டோ ,

Steel Price Spike Due To Unanticipated Rise In Demand: S&P Global Platts


Steel price spike due to unanticipated rise in demand: S&P Global Platts
Keith Tan said the customs duty exemption announced in Budget 2021 could give India’s national scrap policy a boost by exposing buyers to greater volumes and varieties of scrap from various origins, which would compete with and spur the domestic scrap collection and processing industry.
February 03, 2021 / 05:21 PM IST
The spike in steel prices is due to supply shortages as steelmakers had not expected demand to bounce back so rapidly, Keith Tan, Senior Pricing Manager- Metals at S&P Global Platts told Moneycontrol.
A part of it (price rise) can also be attributed to a recovery in raw material prices, led by strong demand from countries like China and India,” Tan said. ....

United States , National University Of Singapore , Keith Tan , Senior Pricing , Iron Ore Index , National University , South Asia , Lunar New Year , South America , ஒன்றுபட்டது மாநிலங்களில் , தேசிய பல்கலைக்கழகம் ஆஃப் சிங்கப்பூர் , கேய்ட் பழுப்பு , மூத்தவர் ப்ரைஸிஂக் , இரும்பு ஒரே குறியீட்டு , தேசிய பல்கலைக்கழகம் , தெற்கு ஆசியா , சந்திர புதியது ஆண்டு , தெற்கு அமெரிக்கா ,