Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Iron-ore is veering to a new crisis as prices for future delivery of the commodity slide 30% in the space of a month, and its outlook is now more bearish than oil and more dire than ever for miners struggling to just stay in business. Prices of the steel-making ingredient for immediate delivery have slumped 60% over the past year as demand, particularly from China, slowed rapidly.
Iron-ore is veering to a new crisis as prices for future delivery of the commodity slide 30% in the space of a month, and its outlook is now more bearish than oil and more dire than ever for miners struggling to just stay in business. Prices of the steel-making ingredient for immediate delivery have slumped 60% over the past year as demand, particularly from China, slowed rapidly.
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