{"id":1181481,"date":"2020-04-29T23:51:00","date_gmt":"2020-04-30T04:51:00","guid":{"rendered":"http:\/\/juniorminingnews.com\/?guid=befce739e82f84e4145ffff2cb3641e2"},"modified":"2020-04-29T23:56:31","modified_gmt":"2020-04-30T04:56:31","slug":"robust-iron-ore-price-to-erode-as-steelmakers-shut-furnaces","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1181481","title":{"rendered":"Robust iron-ore price to erode as steelmakers shut furnaces"},"content":{"rendered":"<p>The price of iron-ore is set to drift lower in coming months as the coronavirus pandemic eats away at demand, moderating its outperformance against other industrial commodities this year.<\/p>\n<p>Iron ore has given up about 10% so far this year compared to 40% for the Refinitiv\/CoreCommodity CRB index and 15% for copper.<\/p>\n<p>Spot prices of iron-ore with a 62% iron content for delivery to China stood at $84\/t on Wednesday and are expected to decline to $75\/t by the fourth quarter, according to BMO Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of iron-ore is set to drift lower in coming months as the coronavirus pandemic eats away at demand, moderating its outperformance against other industrial commodities this year.<\/p>\n<p>Iron ore has given up about 10% so far this year compared to 40&#8230;<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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