Iron Ore Supply Likely To Fall Short In October

Bloomberg reported iron ore supply is likely to fall short in October according to Standard Bank.

As quoted in the market news:

Shipments of iron ore will be curbed by 8.2 percent this month after supplies shrank from from Brazil, India and South Africa, Standard Bank Plc said.

Output losses from a strike ending today at South Africa’s Sishen mine, the country’s largest, are estimated at 1.6 million metric tons, Melinda Moore, London-based bulk-commodity sales executive at the bank, said by e-mail today.

Click here to read the full Bloomberg report.