Iron ore prices have weakened sharply since September and have recently fallen below $45 per tonne, weighed down by slower demand growth and excessive supply. Given these weak market conditions, we expect iron ore prices to remain under pressure in the near term. However, we do not expect prices to fall below $40 per tonne for long, as further supply cuts would be made at such low price levels.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services