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09 Jul
01:00

Iron ore outlook 'dim' on China slowdown, steel tariffs, says PwC

The outlook for iron ore prices is “dim” due to slowing economic growth in China coupled with the initiation of anti-dumping probes by various countries against China-origin steel, according to consultants PricewaterhouseCoopers (PwC). The iron ore majors have taken different approaches to the price slump. Rio Tinto remains committed to increasing supply by around 100 million tonnes/year, while BHP Billiton’s deferred de-bottlenecking will …
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