OneSteel Expects Iron-Ore Prices to Further Rise Next Year

Bloomberg reported OneSteel Ltd. (ASX:OST) said iron-ore prices will further rise next year as inventories in China remain low.

OneSteel’s Chairman, Peter Smedley said:

The fundamentals for strong demand from China remain sound, and we have been encouraged with the recovery in iron-ore prices from their recent lows over the last few weeks.

Click here to read the full Bloomberg report.