Iron Ore & Steel Q4 Outlook: Iron ore to stay strong despite fall in steel output

摘要

Melbourne—Iron ore prices are expected to remain relatively strong in the October-December quarter despite demand falling on the back of reduced crude steel production, according to the latest S&P Global Platts quarterly Iron Ore & Steel Outlook released Sept. 16. The Outlook found that 54% of respondents expected iron ore prices to range between $100/mt and $110/mt CFR China in calendar Q4. Just over one-third believed iron ore prices would stay above $110/mt and 11% thought they would fall below $100/mt.