18
Jun
02:23
Macquarie expects iron ore to stay range bound
Macquarie expects iron ore to remain a "range bound" commodity for the rest of this year and in the short term amid a supply surplus, Kallanish notes.
The research house says in a note that it sees more upside than downside to current iron ore spot prices.
“A drop below $100/t is certainly possible but won't be sustained in our view: flexible, "high cost" supply is likely to drop out at these price levels, helping the market to reba…
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Anonymous
Very good overview of the weekly steel market.
Anonymous