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OneSteel Expects Iron-Ore Prices to Further Rise Next Year
Nov. 21, 2011 01:21PM PST
Base Metals Investing Bloomberg reported OneSteel Ltd. (ASX:OST) said iron-ore prices will further rise next year as inventories in China remain low.
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.
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