Trade Review: Signs of better downstream demand key to iron ore price recovery in Q1

Steelmakers, having experienced at least eight months of weak margins may finally be seeing a light at the end of the tunnel come first-quarter 2023, driven by hopes of a near-term improvement in downstream demand. Underpinning these expectations are India’s removal of export duties for pellet mid-November, China’s abandonment of its zero-COVID policy and its expressed aim of reviving the…

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