Looks like a further 14m tonnes of iron ore can be taken out of the market for the foreseeable future...
https://in.reuters.com/article/asia...erns-despite-more-supply-shocks-idINL3N22L0ZM
Iran exported nearly 14 million tonnes of iron ore in 2018, accounting for 1 percent of total seaborne iron ore supply of the year, according a note from Jefferies.
“We had expected Iranian exports to increase to around 20 million tonnes this year as a result of the Vale supply issues. Now Iranian iron ore exports are likely to approach zero for as long as these sanctions last,” said Jefferies’ analysts
Iron ore price, page-12227
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