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17.10.2014 18:54:00
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Moody's: Increases in iron ore supply creating risk for market fundamentals
New York, October 17, 2014 -- A growing oversupply in the iron ore market is damaging the credit quality of producers and poses risks to the downside, says Moody's Investors Service in the sector comment "Iron Ore Supply Increases Pose Risk to Market Fundamentals." Because of an aggressive supply push by the major iron ore producers, Moody's anticipates iron ore prices to remain low over the next several years, with volatility continuing.
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