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Cliffs Natural Resources Inc. Message Board

  • imaginejml Jun 27, 2013 7:42 PM Flag

    S&P Report on IO pricing

    Standard & Poor's has revised its 2013 metals price outlook, predicting generally favorable copper and iron ore prices to continue in 2013 and 2014, while aluminium and nickel prices will be constrained, it said in a report Wednesday.

    S&P has maintained its price assumption of $120/mt for iron ore in 2013 and $110/mt in 2014.

    "Despite higher average prices of about $140/mt so far in 2013, we factor into our forecast new capacity in the second half of 2013 and 2014 that could exert some pricing pressure," the report said.

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