Citi Says Undergo Marketplace Quickly For Iron Ore As Chinese Language Port Stocks Top

In the last two months, iron ore prices have been moving down while steel prices, in particular rebar, have moved up.
For investors wondering about the current divergence in iron ore and steel prices, Citi Research has just issued a call.
The run up in steel prices is due to a shortage of steel products after inefficient induction furnaces were shut.
Iron ore will head even lower.
Iron ore prices are now around $55 per ton, down from Citi’s calculation of $85 percent ton average in the first quarter of this year.

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