ING expects iron ore prices to soften in long term SteelOrbis
Dutchbased international bank ING has announced its iron ore price forecast for 2022 and 2023. The bank expects iron ore prices to average 105/mt in 2023 and 90/mt in 2024, down from 138/mt in the second half of the current year, amid more sluggish demand from China, combined with supply growth.. Iron ore prices have fallen significantly from their yeartodate high of 171/mt seen back in ...