“If demand stays firm, which is what seems to be happening, [the] iron ore [price] will stay at $50 per tonne,” he told analysts during a conference call on Thursday July 28.
Metal Bulletin’s iron ore index for 62% Fe material reached
$60.70 per tonne cfr Qingdao on July 28, down by 4.15% compared with the corresponding time last year, but up by 10.77% month-on-month.
Steel demand in China has...
