Sustainability of iron ore spot price surge questioned

摘要

The early-March rally that sawiron ore prices rise above $60/dry mt is notsustainable in the long term due to industryoversupply, Robert Mazurak of Ohio-basedMazurak Resource Consulting said.“With this chronic oversupply of iron oreand steel, my forecast [for sustainability] wouldbe probably beyond 2018,” Mazurak said whilespeaking Thursday at the International IronMetallics Association Spring Meeting in LasVegas. “I think we are in for some tough timesfor the next couple of years.”