You are here

Iron ore rally expected to fade in H2 as oversupply kicks in

Tuesday, April 19, 2016 - 05:50

BT_20160419_KVIRON19_2231847.jpg
Iron ore prices surged 23 per cent in the first quarter as Chinese mills ramped up output to take advantage of a rebound in steel prices, and some supply was disrupted in Australia.

Singapore

THE global iron ore market faces an increasingly severe oversupply, according to Citigroup Inc, which said the commodity's gains will probably be reversed in the second half.

Increases in production, including from miners that restarted output after this year's rally,

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom