28
Oct
00:00
Goldman sees iron ore overhang risk in 2015
Goldman Sachs has warned that its iron ore price forecast of $80/tonne for 2015 depended on high-cost mining capacity exiting the market rapidly and so prices could be even lower. Meanwhile, it says that even with the orderly exit of capacity, the market will have to absorb double the amount of excess production in 2015 than in 2014.
The average price of iron ore next year could be even lower than its latest forecasts, Goldman says. This would be so if margi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous