“China steel consumption growth will likely remain weak but with industry profits up, we expect steel producers to lift output with steel exports remaining high.”
The analysts forecast iron ore prices to rebound in the second quarter to an average of$120 a ton.
@tris06 Citi analysts. Most likely spot on. The IO price dips. They buy up. SA is not reliable.
from Nov. 2023 https://www.mining.com/web/iron-ore-price-poised-to-hit-150-in-2024-on-chinese-stimulus-analysts-say/
Iron ore price, page-51816
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