Otmane El Rhazi : Iberian advances Cehegin project as iron-ore continues to face strong headwinds

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Iron-ore producers continued to batten down the hatches on low-cost oversupply, an overhang in steel inventories and, at the macro level, weakened Chinese manufacturing data. Many medium- or small-scale iron-ore projects had also been mothballed, shuttered or divested, while few commentators had been positive about the commodity’s immediate price prospects.