Welcome to Tacofer | buying and selling ferrous and non-ferrous metals HOME WHO WE ARE WHAT DO WE DO CERTIFICATIONS INDUSTRY NEWS CONTACTS 24 Set It Is Holding Back Growth In India And China. Gray Prospects For Iron! Uncategorized , September 24, 2019 The economic slowdown of the two Asian giants will weigh on the future of iron. The coming year could prove to be very difficult for the steel metal. This year, for iron, has been a fluctuating year. But, next year, it will be worse . According to experts and market analysis agencies, the scenarios for 2020 are bleak. The cause is the slowdown in the Chinese and Indian economies , so far the fastest growing in the world. As a result, the demand for steel, of which iron ore is a crucial component, is declining in both the infrastructure and automotive sectors. FIRST UP, THEN DOWN AND THEN UP AGAIN ... Ore prices increased in the first months of this year, mainly due to supply disruptions in Brazil and Australia . But as soon as supplies started up again, prices dropped. While there was a new recovery in early September, with prices at $ 100 a ton, experts now believe the upward movement has come to an end . According to JSW Steel Ltd , an Indian steel giant, prices are set to fall from next year as demand declines. Forecasts are for prices between $ 80 and $ 85 for this year and between $ 60 and $ 65 per tonne for next year. DEMAND FOR STEEL WILL NO LONGER BE WHAT IT USED TO BE Anche Citigroup Inc crede che nei prossimi anni il minerale di ferro scivolerà verso il basso. La causa principale è l’indebolimento della domanda dell’acquirente più importante del mondo: la Cina. Con tutta probabilità, la domanda di acciaio cinese non sarà più quella di una volta e la sua decrescita non sarà compensata dagli aumenti dei consumi in altri paesi emergenti. In this situation, the Indian government allowed the state-owned Steel Authority of India Ltd. ( SAIL ) to sell 25% of its iron ore stocks and dispose of 70 million tons of low-grade ore. A move to reduce concerns about a possible short-term short-term metal deficit on the domestic market. CLIMBING OF IRON ORE WITH RECORD PRICES MENU Home Who we are What do we do Certifications Industry news Contacts SECTOR NEWS It is holding back growth in India and China. Gray prospects for iron! September 24, 2019 iron ore climb with record prices June 28, 2019 Prepare for a copper and cobalt shortage for batteries May 23, 2019 ITEM CATEGORIES Uncategorized Tacofer Srl is a company that operates in the ferrous and non-ferrous metals sector in the province of Brescia. A young and dynamic realitybut still strong of the experience gained by its partners in the sector. Privacy Policy Cookie Policy CONTACTS via Donizetti, 2/4, 25030 Mairano (Bs) Tel / Fax: 030.9719945 Email: info@tacofer.com VAT number: 03631840984 CONTACT US RECENT ARTICLES It is holding back growth in India and China. Gray prospects for iron! September 24, 2019 iron ore climb with record prices June 28, 2019 Prepare for a copper and cobalt shortage for batteries May 23, 2019 Riches of Western Australia: Gold and Iron May 16, 2019 HOW IS THE GOLD CAVING THIS YEAR? April 11, 2019 MENU Home Who we are What do we do Certifications Industry news Contacts 2016 © Tacofer srl | Powered by BtwoB We use cookies to make sure you can have the best experience on our website.I accept Read more