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Iron ore party all but over

A combination of peak steel in China, the recovery in Brazilian exports and gathering global economic recessionary fears is signalling loud and clear that iron ore’s party days are all but over.

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Stockpiles at Fortescue Metals Group's Herb Elliott port in Western Australia

The end to the days of easy and over-sized profits in iron ore has not arrived just yet, as iron ore's current pricing of US$93/t (62%, CFR) amply demonstrates.