Thursday 29, June 2017 by William Mullally

Iron ore and steel: A sigh of relief

Iron ore prices rallied following a commitment to support growth by Chinese premier Li Keqiang. We do not believe this is the start of a new uptrend as the market should remain oversupplied against the backdrop of softening demand from China’s steel mills and rising low-cost supplies, writes Carsten Menke, Commodities Research Analyst, Julius Baer