No 1 source of global mining news and opinion
Iron ore will average more than $100 a ton this year as the worldwide market remains tight, despite China’s property crisis hurting the outlook for steel demand there, according to HSBC Holdings Plc.
Iron ore has had a bumpy ride this year, slumping by almost a third in the first quarter on concerns over weakening Chinese demand, including a dip below $100, before staging a partial rebound this month. Authorities in the biggest importer have been struggling to revive the nation’s property market, a vital driver of steel demand. Reflecting the challenges, the leading steel industry group has been calling on members to reduce output.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fanatics Sportsbook Promo Code - Bet $100, Get $100 (10x) for Alabama vs UConn Final FourFanatics Sportsbook Promo Code for Alabama vs. UConn
Read more »
The Best Graduation Dresses for the Class of 2024 — Shop Styles Under $100These cute graduation dresses won't break the bank.
Read more »
The Best Graduation Dresses Under $100 for the Class of 2024: Abercrombie, Lulus, Amazon and MoreThese cute graduation dresses won't break the bank.
Read more »
The Best Under $100 Graduation Dresses for the Class of 2024: Abercrombie, Lulus, Amazon and MoreThese cute graduation dresses won't break the bank.
Read more »
Iron ore’s reset to $100 heralds China’s new economy shiftNo 1 source of global mining news and opinion
Read more »
Iron ore price swings near $100 as traders mull fragile China recoveryNo 1 source of global mining news and opinion
Read more »