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ABN AMRO expects iron ore prices to increase by 10%

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Iron ore suppliers will be looking for a 10 percent price increase in the upcoming negotiations with steel mills. But easing fundamentals should cut the price by 25 percent the following year. ABM AMRO is expecting that the growth in the Chinese steel industry will return to more “normal” levels because of the fact that domestic supply has caught up with demand. (Oct. 25)
News Date 25 Oct 2005 15:30:32 reported by Oscar

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