Find below the iron ore price table for March 18, 2013:
As I said last week, swaps have reached reasonable price levels. Spot might bounce like a dead cat for while but I still can’t see why the spread to its derivatives and feeder prices won’t return to historic norms over time, which would be more like mid to high $120s now so I don’t expect much of a bounce before more weakness kicks in, especially with rebar still falling.
