Morgan Stanley Raises Iron Ore Outlook After Surprise RallyBy
Prices to trade in $45-$55 range through September, bank says
Raw material seen averaging $35/ton in final quarter of 2016
Morgan Stanley raised its iron ore outlook for this year and 2017 after prices rallied in the first six months, saying that the top suppliers in Australia are managing the addition of new supply and steel demand in China will remain supported.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.