International credit rating agency Fitch Ratings has announced that it has kept its metals and mining price assumptions for 2024, 2025 and 2026.
The agency has maintained its iron ore price assumption at $105/mt for 2024, at $90/mt for 2025, at $85/mt for 2026. In March, Fitch increased its iron ore price assumptions to the abovementioned levels to reflect operational issues at many major producers due to underinvestment since 2020 that limit supply, as SteelOrbis previously reported. The agency expects iron ore prices to be at $75/mt for 2027.
The price assumptions for coking coal have also been kept stable at $240/mt for 2024, at $190/mt for 2025 and at $170/mt for 2026, while coking coal price for 2027 is anticipated at $170/mt.
