Original article by Vanessa Desloires
The Australian Financial Review – Page: 25 : 19-Jun-15

The price of iron ore was trading at $US61.51 per tonne on 18 June 2015, having peaked at $US65.61 in the previous week. National Australia Bank regards $US60 per tonne as a fair price for the steel input given current market conditions, while Fraser Phillips of RBC Capital Markets does not expect the recent gains in the iron ore price to be maintained unless demand for steel improves.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, RBC CAPITAL MARKETS, WESTPAC BANKING CORPORATION – ASX WBC, MACQUARIE CAPITAL PTY LTD, DALIAN COMMODITY EXCHANGE, SHANGHAI FUTURES EXCHANGE