Iron Ore Futures Outlookhttps://www.spglobal.com/platts/en/market-insights/latest-news/metals/050421-fundamentals-support-strong-iron-ore-prices-in-2021-platts-analytics
Unless China drastically cuts steel output – which seems unlikely as Q1 output rose 16% on year – or global iron ore supply increases significantly, it is difficult to see what will cause benchmark prices to retreat to consensus views of around $100/mt in the next 12-24 months.
That gets us to 2nd Yr Construction!! GLTA