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10 key themes for steel & ferro-alloys in the new year: 2024 preview
Gone are the days of breakneck Chinese growth that fueled a seemingly insatiable demand for steel. Today, a complex interplay of geopolitical tensions, squeezed steelmaking margins and growing recognition of sustainability paints an uncertain picture. Here, we delve into the key trends shaping the 2024 global steel market. 1. Low-grade iron ore to remain key in China Low-Fe iron ore will be a mainstay amongst Chinese blast furnaces (BFs) as a cost-efficient alternative amid uncertain margins. Chinese buyers are expected to seek cheaper options, such as Indian fines, as cost-effective alternatives to Australian fines, ... (full story)