Original article by Amanda Saunders
The Australian Financial Review – Page: 20 : 4-Nov-15

The price of iron ore has shed 16 per cent in the last eight weeks, reaching a low of $US49.50 per tonne on 2 November 2015. Alan Chirgwin of BHP Billiton is bearish about the outlook for the steel input, forecasting that it will keep falling in the next several years and eventually trade at the break-even price of an unspecified iron ore producer in Australia or Brazil. He expects supply to continue to exceed demand in the next several years. BHP’s Shaun Verner also expects the price of metallurgical coal to remain subdued in the near-term.

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