WHEN IRON ORE PRICE WILL BE AT A LEVEL OF 90 USDOLLARS?

It is our opinion that Iron Ore Price will be at 90 USDollars soon this year.

The STEEL BLOG estimation is that Iron Ore prices will go down more deeply  and quickly than industry consesus forecast.

The actual spot price at 120 US$ is unsubstainable. Ore mining companies, despite their concentration, can not continue taking the big part of the steel industry cake -revenues-.

There are signs that China steel production in May will be lower than expected and Iron Ore prices will be under pressure.