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23 Aug
10:07

BHPB sees firm iron ore/steel prices this year

BHP Billiton expects high grade iron ore to remain firm through the rest of 2017 on the back of strong Chinese steelmaking margins. Over the longer term, it expects iron ore prices to be set by a marginal iron ore miner in either Australia or Brazil, Kallanish notes. Alongside its annual financial results BHPB gave some insight into its economic outlook. Thanks to the tight Chinese steel market it expects high grade ores to perform well through the year, while l…
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