17
Jun
01:00
Low iron ore price may lead China to cut up to 80m t/y of output: Wood Mackenzie
China’s iron ore companies are expected to cut mined output this year by significantly more than the initial estimate of 40 million tonnes, largely because of the downturn in iron ore prices, according to consultants Wood Mackenzie in Australia. The price of iron ore fell below $90/tonne on 16 June for the first time since 2012.
The 40mt relates to iron ore on a 62% Fe equivalent basis, and last year China’s mines produced roughly 360mt on this bas…
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Anonymous
Very good overview of the weekly steel market.
Anonymous