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Australia forecasts lower iron ore prices over rest of 2021

• Tuesday, July 20, 2021
• Source:ferro-alloys.com

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• Keywords:Australia, iron ore prices

[Ferro-Alloys.com] Iron ore prices surpassed $200 per tonne in early May and stayed above $200 per tonne in June but prices will fall in the second half of 2021, the state-produced Resources and Energy Quarterly publication forecast.

 

Domestic efforts to curb China’s total steel output are likely to begin soon. This should put downward pressure on steel prices and on the margins of Chinese steel mills, leading to a softening in iron ore prices.

 

Source: Fastmarket

 

 

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