TABLE-Iron ore prices seen tumbling 30 pct in 2009

Newswire

LONDON, Jan 28 (Reuters) - Severe production cuts in the steel industry to match deteriorating demand are set to bring a fall iron ore prices in 2009 after six consecutive years of price hikes. Australian iron ore prices are expected to fall by 30 percent in 2009 annual contract talks, a median forecast by 15 analysts polled by Reuters showed on Wednesday. [ID:nLR318145] Below is a table of analysts' forecasts: Australian fines (change in percentage) ...

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