Given that somewhere between 1-3 months global steal consumption will be near as its been to zero for many years. Car factories closed, construction across the world disrupted, nobody buying anything etc etc... Tonnes of steel used VS tonnes of ore required +lag time of? =...
How long do you think it will be before that lack of steel consumption flows back to iron ore demand?If Brazil does have to slow output it might offset this. If countries announce stimulus packages that are infrastructure related it may also offset the last few months.Many inputs into this equation.
Iron ore price, page-21272
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