The price of iron ore in 2013 will be higher than predicted earlier. Such a forecast was voiced by experts of the World Bank against the background of the continuing growth of world production, improvement in the Chinese economy and after revising forecast oil prices.
The new document of the World Bank says that the average world prices for iron ore in 2013 will amount to 134 US dollars per ton. In 2014 - 135 dollars per ton of dry weight. Recall that back in July, the specialists of this institution were sure that this year the price of iron ore raw materials would not exceed $ 120 per ton, and in 2014 - $ 125.
Today, the World Bank thinks that the cost of iron ore will increase stably, reaching $ 145 by 2025.
As reported, the economy of China, the main world consumer of the ZhRS, increased in the third quarter by 7.8 percent, exceeding the forecast level by 0.3 percent. The consumption of iron ore in the DPRK increased to a record 74 million 600 thousand tons, which indicates an ongoing increase in steel production.
Currently, the market for iron ore raw materials is the second largest world market after oil. However, experts of the World Bank warn that the prospects of this market are closely related to Chinese demand. If the ore consumption there begins to contract there, then given the high level of production of the price of the ZhR can collapse.
The World Bank revised its forecast for iron ore towards rising prices
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Azovpromstal® 20 October 2013 г. 22:05 |
