Iron Market News Directory

Iron Ore Price to Drop Further in 2015

Mining Weekly reported that Roger Wemslie, principal metals and mining consultant at Wood Mackenzie, has indicated that iron ore will sell in the $70-per-tonne price range this year.

Andy Xie Predicts Iron Ore Will Hit $30

BloombergBusiness reported Andy Xie, a Shanghai-based independent economist, has predicted that iron ore prices will drop to $30 per metric ton this year as low-cost supply rises and steel demand in China shrinks.

India May Cut Export Tax on Iron Ore from Goa

Reuters reported that India is looking at getting rid of the export tax on low-quality iron ore produced in Goa. The news is not great for the industry as it may put further pressure on prices for the metal.