Daily iron ore price update (forecasts bloom)

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by Chris Becker

The iron ore price complex had a slight breather yesterday as spot prices lifted slightly alongside futures as the major steelmaking city Tangshan lifted its second-level smog alert, helping boost demand as controls are eased.



The stupidly composed Department of Industry, Innovation and Science recently released its forecasts (dart boards size not yet confirmed) for iron ore and metallurgical coal. Texture from SPGlobal:

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