Iron ore: 5 things to look for in 2018
Iron ore's big drivers in 2017, Beijing's supply side reforms and commitment to maintaining stable growth ahead of the Party Congress, will have a less pronounced impact in 2018 than 2017. Our price forecast for iron ore is $63/t CFR, 12% below last year's average of $71/t. But 2017 was full of positive "surprises" and risk to our 2018 forecast for Chinese steel and seaborne iron ore is currently on the upside. In this note we highlight five key issues for iron ore in 2018.