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Steel slump will send iron ore to $50/tonne - Liberum

A 5-10% drop in Chinese steel demand in 2020 could see iron ore prices fall to US$50/tonne or lower, according to UK broker Liberum Capital.

Steel slump will send iron ore to $50/tonne - Liberum Steel slump will send iron ore to $50/tonne - Liberum Steel slump will send iron ore to $50/tonne - Liberum Steel slump will send iron ore to $50/tonne - Liberum Steel slump will send iron ore to $50/tonne - Liberum

Iron ore prices could test US$50/tonne in 2020

Liberum's bearishness is underpinned by its view that Chinese demand - though hardly robust at present - is set to slide over the coming year.