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Iron ore nearing its bottom

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    Otto started this thread.
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    Iron ore nearing its bottom

    These big players are calling for a bottom in iron ore prices in 2016, with a slow but steady climb thereafter. It's been a long slide, but there seems to be some optimism out there.



    The World's Biggest Iron Ore Shipper Just Called Bottom in Rout - Bloomberg Business

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    I hope this is the bottom or near it. Only up from here. Shred is my main type of scrap so any optimism is good news.


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