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Jefferies slashes 2022 iron ore price forecast by 31%

Carnage in the iron ore market has prompted US investment bank Jefferies to cut its fines price forecast for 2022 by 31% to US$90/tonne.

Jefferies slashes 2022 iron ore price forecast by 31% Jefferies slashes 2022 iron ore price forecast by 31% Jefferies slashes 2022 iron ore price forecast by 31% Jefferies slashes 2022 iron ore price forecast by 31% Jefferies slashes 2022 iron ore price forecast by 31%

Jefferies pointed to China's steel production cuts and the country's weakening property market as the primary bearish factors.

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