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Citigroup Lowers Iron Ore Price Forecast to $120/mt

iconJan 28, 2023 10:52
Source:SMM
Citigroup lowered its three-month iron ore price forecast to $120/mt, saying that iron ore prices will slow down after a surge of about 30% due to the adjustment of pandemic prevention measures and the lack of significant recovery in steel demand.
Citigroup lowered its three-month iron ore price forecast to $120/mt, saying that iron ore prices will slow down after a surge of about 30% due to the adjustment of pandemic prevention measures and the lack of significant recovery in steel demand. 
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