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Iron ore in 2021 is looking like… iron ore in 2020 – Stockhead

Iron ore prices are forecast to moderate to below $US100 per tonne in the years ahead ‘Falling steel mill margins in China and rising iron ore port stocks would…

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  • Iron ore prices are forecast to moderate to below $US100 per tonne in the years ahead
  • ‘Falling steel mill margins in China and rising iron ore port stocks would be catalysts for lower iron ore prices’: CBA
  • ASX iron ore companies are rushing to bring on production on healthy demand from China

The fate of the market for iron ore — Australia’s most valuable export at $102bn in the 2019-2020 financial year — is squarely in the hands of its largest customer, China.
As the world’s…

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