09
Mar
02:34
ANZ raises iron ore target to $130/t
ANZ Research has raised its short-term target for iron ore to $130/tonne, but sees prices pushing back below $100/t by the end of the year.
According to the research house, the latest measures announced by the Chinese government to support property lending could provide short-term support for the market.
Higher margins and low inventories should also see steel output pick up in coming months.
“This should support prices in the short term,” th…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous