Thursday 16 April 2015

Otmane El Rhazi : Moody’s lowers iron-ore and met coal price forecasts, markets to remain under pressure to 2016

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



Moody’s Investors Service expected iron-ore and metallurgical (met) coal prices to remain under pressure through at least 2016, prompting it to lower its price expectations for both. The firm fingered slower steel output growth in China and rampant oversupply, particularly in iron-ore, for holding prices down for these critical steelmaking ingredients.

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