24
Oct
01:00
Iron ore to hover at $80/t, $70/t is the threshold: CISA
Iron ore prices should fluctuate around $80/tonne in the near term and $70/t is a threshold where prices have support. So says Li Xinchuang, deputy secretary general of the China Iron and Steel Association (CISA) and president of the Metallurgical Industry Planning and Research Institute (MPI).
The lack of a “stable, pluralistic system” in the global iron ore market means Chinese high-cost iron ore capacity should continue to be phased out, he sa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous