Tue, 05 Feb 2013 11:36:04 GMT
Iron supply raises concerns about the price
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