(Bloomberg) -- Steelmakers may keep paying record iron ore prices until 2013 because Cia. Vale do Rio Doce and rival mining companies can't meet surging demand from China, Credit Suisse Group says.
Prices of the key steelmaking ingredient may rise 10 percent next year and 3.2 percent in 2009, analysts Roger Downey and Ivan Fadel said in an April 13 report. They may stay at a record until a forecast 7 percent fall in 2013, it said.
Read more at Bloomberg Commodities News
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