IRON-ORE
The strong iron-ore price rally over the last several months is not expected to last and will gradually run out of steam over the next several years as Chinese economic growth refocuses away from heavy industry to services, dampening global demand for the steelmaking ingredient, Fitch Group-affiliated BMI Research said in a report. Iron-ore prices are trading within a higher-than-expected trading range in the opening months of 2018 following a strong rally in November and December 2017, driven by rising steel prices.
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