Iron ore bonanza to deliver until 2022 as supply squeeze lingers

Capt. John

Australia’s biggest miners are poised to benefit from better-than-expected iron ore prices for at least the rest of the year as global ratings agency S&P upgrades its forecasts for the key steel-making raw material. After surging Chinese steel output in 2020 propelled iron ore prices to a 10-year high and delivered bumper returns to shareholders …

The post Iron ore bonanza to deliver until 2022 as supply squeeze lingers first appeared on Hellenic Shipping News Worldwide.

Author: Capt. John

https://www.hellenicshippingnews.com/iron-ore-bonanza-to-deliver-until-2022-as-supply-squeeze-lingers/

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