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Only the majors can help now

The iron ore market continues to face a number of challenges, with a falling cost curve and demand now in a downward trend. However, despite deteriorating steel prices, iron ore has been the commodity which has defied expectations of further downside – with sequentially lower supply from June’s peak certainly playing a part.

Only the majors can help now Only the majors can help now Only the majors can help now Only the majors can help now Only the majors can help now

Dusted with Pilbara red …The majors’ iron ore strategy will be heavily scrutinised by small and mid-tier producers

Despite the ongoing need for displacement in the iron ore market, spot pricing has been surprisingly resilient, failing to plunge to the sub-US$40 per tonne level many expected.