22
Jan
00:00
Increased supply, stalling China demand limit iron ore price recovery till 2017: S&P
Standard & Poor (S&P)’s has lowered its price assumption for 62% Fe iron ore by 20% through 2016 to $65/tonne cfr China, Kallanish learns from the rating agency. This is its third downward adjustment in the space of twelve months. The firm’s previous iron ore price forecast for 2015 and 2016 had been $85/t, while assumed prices in early 2014 were at over $100/t.
The recent decline in iron ore prices has forced some high-cost producers to …
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Anonymous
Very good overview of the weekly steel market.
Anonymous