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The price of iron ore may average just $139/ton this year, says Goldman, cutting from a previous...
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Tuesday, March 19, 7:17 AM ETThe price of iron ore may average just $139/ton this year, says Goldman, cutting from a previous forecast of $144 amid expectations of slowing steel production in China. Prices have already fallen 7.1% YTD to $135 as Beijing tightens housing policy. Maybe more leveraged than most to ore prices, Cliffs Natural Resources (CLF) -43.6% YTD.
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