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    March 22, 2022

    CRU: Iron Ore in a Volatile But Upwards Price Trajectory

    Written by Aaron Kearney-Keaveny

    By CRU Research Analyst Aaron Kearney-Keaveny, from CRU’s Steelmaking Raw Materials Monitor, March 22

    In the past week, the iron ore price has been influenced by two notable shocks, a supply shock from lost CIS volumes, which has been occurring since the invasion, and a demand shock from China after lockdowns created bearish sentiments. Improving iron ore supply has primarily come from an end-of-quarter production push, while trade routes still undergo change as exports are redirected towards Europe.

    Aaron Kearney-Keaveny

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