15
Apr
01:00
S&P places miners on credit watch after revising down iron ore price assumptions
Standard & Poor’s (S&P) has placed several iron ore producers on 'CreditWatch Negative' after revising down its iron ore price assumptions for 2015, 2016 and 2017 to $45/tonne, $50/t and $55/t respectively. The credit rating agency expects “the severe supply and demand imbalance” in the iron ore market to continue for the next two years.
This imbalance is likely to persist due to “the continued and sizeable expansion&r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous