Scrap ‘headwinds’ to subdue iron ore, met coal prices: Citi Research

摘要

Seaborne iron ore supplies may startto decline slightly from 2020 as the recentphase of major greenfield mine expansionsdraws to an end, Tracy Xian Liao of CitiResearch said at the London Metal ExchangeFocus event Thursday.However, prices are not expected to gaineven amid lower supplies due to “headwinds from greater scrap supplies,” which may alsoput a cap on coking coal prices, Liao said.