03
Jun
12:16
ANZ raises iron ore year-end target to $130
ANZ Research, which sees limited upside for iron ore prices, has raised its year-end iron ore target price to $130/tonne.
However, its short-term – zero to three months – target for iron ore price remains unchanged at $145/t, Kallanish notes.
"Supply disruptions from the Russia-Ukraine war are tightening the iron ore market, as Australia and Brazil struggle to maintain current output levels. This comes as Chinese authorities look to implement sti…
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Anonymous
Very good overview of the weekly steel market.
Anonymous