12
Apr
02:29
Credit Suisse sees iron ore prices to cap at $130/t
Credit Suisse expects iron ore to remain solid this year on tight supply, but believes it is priced appropriately.
China steel mills’ lack of profitability caused by over-production will also cap prices at $130/tonne this year, Kallanish learns from the Credit Suisse report.
“No matter how tight, the price cannot rise if steel mills cannot afford it. For prices to break above the recent $120-$130/t trading range, greater profit in steel mills is neede…
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Anonymous
Very good overview of the weekly steel market.
Anonymous