Original article by Daniel Palmer
The Australian – Page: Online : 1-Dec-15

The price of benchmark iron ore for immediate delivery to China’s port of Tianjin has fallen by 1.6 per cent to a new long-term low of $US42.80 per tonne. Meanwhile, iron ore futures in Singapore have fallen below $US40 per tonne. The iron ore price has shed nearly 25 per cent in the last seven weeks, and Axiom Capital Management’s Gordon Johnson expects the price of the steel input to remain subdued.

CORPORATES
PORT OF TIANJIN, AXIOM CAPITAL MANAGEMENT INCORPORATED, ROY HILL IRON ORE PTY LTD, BLOOMBERG LP