Any major correction in iron ore prices will depend on what China's steel prices look like, as domestic steel prices in China soared to a new three-year high. Traders are optimistic about the outlook for the market in the near future, analysts say.
Credit Suisse expects iron ore prices to remain at around $ 90 /t in the first half of 2017. The price is estimated to fall by up to 30% in the second half of this year.
Iron ore prices will remain high in the first half of 2017
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Azovpromstal® 9 March 2017 г. 13:31 |
