Metalloinvest: global iron ore price underrated by 20%
Edited by Rhod Mackenzie / 2014-10-01 11:48:39
China Metals and mining Russia Lebedinsky GOK Metalloinvest Mikhailovsky GOK China Metals and Mining Russia Metals and Mining Iron ore
Metalloinvest thinks that iron ore price should restore by the end of 2014 with the start of seasonal demand in China, the CEO of Metalloinvest A. Varichev says. In the opinion of the company, global iron ore price is underrated by 20% - 25%.
Despite the fall in iron ore price by 42% since the beginning of 2014, Metalloinvest does not regard the level catastrophic. They do not see any prospects for super-high price and think that $100 per ton is quite normal price.
