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Iron ore to come back down to earth

Steelmaking raw material starts its overdue price slide

Mining Journal
The landing: Iron ore prices have been sky high (relative to expectations) for much of 2017 (photo: defenseimagery.mil)

The landing: Iron ore prices have been sky high (relative to expectations) for much of 2017 (photo: defenseimagery.mil)

The immediate outlook is for a dip below US$70 per tonne in the next few days, and then below $60/t, perhaps by the end of the year, as China’s steel mills cut production during the northern winter. ...

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