BHP plays down chance of recovery in iron ore prices

Global miner BHP Billiton (NYSE: BBL – news) on Thursday played down the chance of a recovery in iron ore prices, saying that recent declines reflected the reality of demand and supply in the market for the steel-making ingredient. Iron ore has staged a near-uninterrupted drop since mid-July, shedding nearly 20 percent of its value. „Everything is headed in the direction one would …
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