Although we expect positive steel production growth in the short to medium term, AME has kept its iron ore price forecastunchanged at US$63/t for both 2018 and 2019 as new low-cost iron ore supply ramps up. Steel producer margins look flatgoing forward. This is in contrast to 2017 when AME's 62% Fe CFR North China iron ore spot price averaged US$71/t, anincrease of 22% over 2016, based on strong steel production and improving steel prices in China.
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机译：虽然我们预计钢材生产钢材生产增长，但AME将其铁矿石价格预测为2018年和2019年的价格为63美元，因为新的低成本铁矿石供应升起。 钢铁制片人利润看起来平稳。 这与2017年相比，当AME的62％FEFFR North China铁矿石现货价格平均为71美元/吨，基于2016年的钢铁产量强劲增长22％，基于中国强大的钢铁生产和钢材价格。
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