More on Goldman Sachs hiking their iron ore price forecasts

Author: Eamonn Sheridan | Category: News

Bloomberg  has more on Goldman Sachs and iron ore

I posted on it a little earlier, here: Goldman Sachs raise their iron ore price forecasts
  • strong growth in steel consumption is ... unlikely
  • More low-cost production is on the way
  • Increased spending by China "can't suppress bearish iron ore fundamentals indefinitely"
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