24.03.2014 - Will Iron ore to slump towards year end?
Iron ore has steadily rebuilt on price over the last two weeks, in the wake of an 8 per cent drop that left miners quaking in their steel-capped boots. Steel Index data showed that 62 per cent fines finished the week at Tianjin port at $110.70 per tonne. This price is still down 17.5 per cent on the start of the year, and despite the recent recovery, independent research house Capital Economics senior commodities economist Caroline Bain has predicted the price will drop to $95 by the end of the year, and $85 the following year...............................................Full Article: Source
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