Global iron ore prices could tumble from their current highs of around $210/t to around $190-200/t towards the end of 2021, Executive Vice-President of Nippon Steel Corporation Takahiro Mori has said. The downturn in prices should follow from China’s planned steel output cuts, he was quoted as saying. SteelMint reported that the spot price of iron ore Fe 62% fines edged lower to $208.35/t on 5 Jun’21, CFR China.
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