09
Oct
01:00
Banks react to iron ores fall
JPMorgan (JPM) has become the latest major bank to cut its iron ore price forecast for next year, after Barclays did the same last week. Analysts at Citibank tell Kallanish they do not plan a revision of their forecasts, but they are already below those of JPM and Barclays.
JPM now expects 62% Fe iron ore to average $99/t this year and $88/t in 2015, cuts of $6/t and $9/t respectively. Barclays earlier cut its 2015 forecast to $90/t. Citibank is more bearish…
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Anonymous
Very good overview of the weekly steel market.
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