Goldman being Bearish at Iron Ore: Price to Slip to $50 in Upcoming 12 months

SHANGHAI, Dec.1 (SMM)－Goldman maintains bearish at iron ore again, saying it predicts price of iron ore will drop to $50 per ton within 12 months, which will be the second consecutive years of dropping. Goldman said in September, China’s steel output will decrease from the top while global iron ore supply keeps increase.

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