I can only hope to get a price say under 19 dollars. I think under 15 dollars is not impossible but that would require very dire IO prices for atleast 3 to 6 months say like 60 to 70USD average per tonne.
At a 90 to 100USD price per tonne my feeling is it would be hard to see it dropping much below 19 or 18 dollars.
Current IO prices probably won't move the price under 20 dollars.
Iron ore price, page-52640
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