Survival Of The Fittest In The New Iron Age: Andy Home

The spot iron ore market is sinking under the weight of new supply. The benchmark price for 62 percent iron ore as assessed by the Steel Index has just fallen below the $89 per tonne level for the first time since September 2012. Take the word of Sam Walsh, chief executive of Rio Tinto (Xetra: 855018 – news) , one of the world’s largest suppliers of seaborne ore and one of the …
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