MOODY'S: Iron Ore Oversupply Is Increasing The Risk Of Rating Downgrades From

David Scutt

Scutt Partners

MOODY'S: Iron Ore Oversupply Is Increasing The Risk Of Rating Downgrades From Growing oversupply in the iron ore market is damaging for the sector and poses risks, says Moody's Investors Service. The ratings agency estimates more than 300 million metric tonnes of new and expanded production will come online over the next few years. Coupled with this increased supply is muted growth in global steel production until at least 2016. These two factors will continue to weigh on prices and the operating performance of iron ore producers. (VIEW LINK)

David Scutt
Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...


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