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22 Apr 2016
Iron Ore will go back to $35 in Q4 2016 – Goldman Sachs
Analyst at Goldman Sachs noted in its latest report that iron-ore prices are expected to revert to $ 35 during Q4 2016.
Key Quotes:
We think this market will go back to $35 during the fourth quarter
Our expectation is the oversupply in the iron ore market will return
Going into the second half of the year, what are you going to need to absorb all that iron ore supply?
Key Quotes:
We think this market will go back to $35 during the fourth quarter
Our expectation is the oversupply in the iron ore market will return
Going into the second half of the year, what are you going to need to absorb all that iron ore supply?