Iron Ore Unlikely to Rebound as China Slows, Shale-Inland Says
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Iron-ore prices, down 25 percent this year, probably won’t rebound as the economy slows in China, the world’s biggest importer and steelmaker, according to Shale-Inland Holdings LLC.
Prices for steel, which have dropped 10 percent in 2012, also won’t recover, said Craig Bouchard, the chief executive officer of Shale-Inland, which fabricates and distributes metals.