Original article by Amanda Saunders
The Australian Financial Review – Page: 28 : 12-Nov-14
The ANZ Bank’s Mark Pervan doubts that the iron ore price will return to $US100 per tonne, and forecasts that the steel input will trade at $US78/tonne in 2015. Citigroup expects the iron ore price to trade at $US65/tonne in 2015 and 2016. The firm has downgraded its recommendation on Atlas Iron and Mount Gibson Iron stock from "neutral" to "sell", and Fortescue Metals Group has been downgraded from "buy" to "neutral"
CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, CITIGROUP PTY LTD, ATLAS IRON LIMITED – ASX AGO, MOUNT GIBSON IRON LIMITED – ASX MGX, FORTESCUE METALS GROUP LIMITED – ASX FMG, BHP BILLITON LIMITED – ASX BHP