BKI will be ready just in time!As for 2022, analysts said they largely expect prices in the low $100/t range to persist, though iron ore supply shocks could add to volatility.
Analyst John Tumazos with Very Independent Research expects China's curbs to steel production to remain in place through 2022.
"I think it suits their purposes to keep output low in 2022 and let it rebound in 2023, 2024," Tumazos said.