Iron supply raises concerns about the price

Note: This section contains information in English only.
Source: Bloomberg
Ore price increased by 0.7% to $154.20 per a dry ton on Monday, but estimations for 2013 are negative. Analysts say that the price might reach a $170 benchmark in the first half and after that plunge by 35% by the end of the year. Price may change so radically as China increases production, this in turn will cut import demand of the world's biggest buyer in the second half of the year.

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