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Iron ore prices expected to continue slide; Morgan Stanley sees future upside

Benzinga.com
0 Comments|August 28, 2014

Iron Ore prices have dropped over 30 percent year to date. Stock prices of Iron Ore miners have hardly reacted with Fortescue Metals Group Limited down 27 percent year to date.

Iron Ore 62% FE - August Contract From CME Group:

Miners YTD Performance (Chart: Capital IQ)

Morgan Stanley analyst Joel Crane believes Iron Ore index is headed for a sustained collapse before rebounding. He cites the recent downward pressure on steel billet and rebar prices in ...

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