12
Sep
01:00
Iron ore has support at $80/t in 2014 - market sources
Iron ore prices have fallen by close to 40% over the year but may be able to avoid further rapid decline until next year, market sources tell Kallanish. However, the outlook remains grim with only the most diehard optimists expecting any significant rebound.
An iron ore purchaser at an eastern Chinese steel mill told Kallanish that buyers would appear when iron ore prices hit $80/tonne cfr China for 62% Fe, potentially giving enough support for a slight rebo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous