Tag Archives: iron ore price

Andy Xie Predicts Iron Ore Price Will Continue to Drop

Andy Xie predicts that iron ore will slump into the $30s a metric ton this year as low-cost supplies rise and steel demand in China shrinks. “When it peaked at $190, I started talking about a collapse and nobody believed me,” Shanghai-based Xie, a former Asia-Pacific chief economist at Morgan Stanley, said in a phone […]