Goldman Sachs raises Q3 iron ore price forecast to $50 per tonne cfr

Iron ore bear Goldman Sachs has lifted its near-term price forecast for the steelmaking raw material after incorporating macro-economic variables into its analysis.

The investment bank’s analysts now forecast iron ore prices to average $50 per tonne cfr China in the three months to September and $40 per tonne cfr in the October-December...


Daisy Tseng

July 28, 2016

07:44 GMT