Iron Ore Prices Might Stay High Short-Term, Says UBS’s Schnider

The video discusses the dynamics of iron ore pricing, focusing on market reactions, efficiency, and uncertainties. It highlights the influence of supply and demand, the role of the US dollar, and potential weather impacts like El Nino. The discussion also covers China's economic adjustments and their effect on global steel consumption. The video concludes with a future outlook on iron ore prices, considering supply risks and potential economic stimuli from China.

What are the expected price levels for iron ore in the best-case environment according to the speaker?

Discuss the potential impact of El Nino on the supply side of the iron ore market.