22
Mar
05:45
ANZ expects iron ore to hover at $90-$110/t
ANZ Research says it expects iron ore to trade in a $90-$110/tonne range for the remainder of the year, Kallanish notes.
The research house says in a note that iron ore prices may be near a floor amid a reset in expectations around demand. It opines that weak consumption from the property sector is being countered by robust demand from other sectors.
ANZ, however, sees no near-term solution to China’s property market woes, and steel demand from its re…
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Anonymous
Very good overview of the weekly steel market.
Anonymous