| 30.03.2012 - Iron ore prices will slowly decline to 2014 |
| Iron ore prices will slowly decline in the next few years as steelmakers cut production to cope with overcapacity and more supply comes on stream, Wood Mackenzie iron and steel consultants said on Wednesday at Reuters Mining Summit. Average annual prices for ore with 62 percent iron content will fall from about $159 a tonne cost-and-freight China in 2011 to $157 in 2012, $155 in 2013 and $140 in 2014, Wood Mackenzie forecast...............................................Full Article: Source |