24
Jul
03:16
ANZ lowers iron ore price target to $100/t
ANZ has lowered its iron ore short term price target to $100/tonne, Kallanish notes.
ANZ says in a note that a combination of weakening seasonal demand and a rise in supply from key exporters is likely to soften the iron ore market in the short term.
The research house expects a rise in supply from key exporters as they overcome recent supply side issues to boost exports. This comes as the steel industry enters its quieter summer period where demand tends to weak…
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Anonymous
Very good overview of the weekly steel market.
Anonymous