UBS raised its long-term iron ore price forecast from $85 to $93 per ton on the grounds that “the next decade will be affected by three major structural factors,” including rising global steel demand, stronger cost curve support, and tighter supply than expected.

UBS raised its long-term iron ore price forecast from $85 to $93 per ton on the grounds that “the next decade will be affected by three major structural factors,” including rising global steel demand, stronger cost curve support, and tighter supply than expected.