By Richard Mann, Contributing Reporter
RIO DE JANEIRO, BRAZIL - The transoceanic iron ore market will run a deficit of at least 40 million tonnes in 2019, according to forecasts from the British consultancy CRU.
In Brazil, Bradesco BBI has a similar projection: a deficit of 45 million tonnes this year. This situation will cause iron ore prices to remain high throughout the year, ranging from US$80 to US$100 per tonne in the bank's accounts, and between US$80 and US$90 for the remainder of 2019, in CRU's projections.
The reduction in iron ore global supply . . .