POLL-Iron ore price seen falling 30 pct in 2009

Newswire

By Humeyra Pamuk and Miyoung Kim LONDON/SEOUL, Jan 28 (Reuters) - Iron ore prices are set to fall in 2009 after six years of price hikes as deteriorating demand triggers severe production cuts in the steel industry, a Reuters poll shows. The fall will mark an end to a bullish run for miners BHP Billiton , Rio Tinto and Vale which last year secured hefty prices hikes, some of almost 100 percent. The trio control about three quarters of the 800 million tonne annual market in seaborne ...

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