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Deutsche Bank sees iron ore prices hitting $170/ton in coming weeks, thanks to continued...

Deutsche Bank sees iron ore prices hitting $170/ton in coming weeks, thanks to continued restocking by Chinese steel mills in a tight market and the approaching wet season in Australia (the world’s biggest iron ore producer). But that’s as good as it gets, the firm says, as seasonality and weakness in other steelmaking ingredients sink prices back to the $120 price floor as the year progresses.
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