Goldman Sachs raises forecasts for price of iron ore

Goldman Sachs on iron ore prices 3-month forecast raised to $70 a metric ton (from $55) - Year-end target up $5, to $60 GS citing - higher than expected demand from China - remaining steel mills benefitting from higher prices after government closed some plants, cutting some excess capacity 2018 prices are expected to fall on expanded supply producing a glut
Goldman Sachs raises forecasts for price of iron ore