Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Australia on Tuesday slashed its price forecast for iron ore in 2015 by a third to $63/t from $94/t in September, saying expectations of a drop in Chinese output to counter a mounting global supply glut had yet to occur. Iron or miners have been counting on a drop in Chinese output to help toughen a soft market for the steel-making ingredient.
Australia on Tuesday slashed its price forecast for iron ore in 2015 by a third to $63/t from $94/t in September, saying expectations of a drop in Chinese output to counter a mounting global supply glut had yet to occur. Iron or miners have been counting on a drop in Chinese output to help toughen a soft market for the steel-making ingredient.
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