Original article by Daniel Palmer
The Australian – Page: Online : 3-Dec-15
The price of iron ore for immediate delivery to the port of Tianjin in China has fallen by 2.4 per cent to $US40.60 per tonne. The price of the steel input has shed 25 per cent in the last seven weeks, amid slowing demand for iron ore in China. The commencement of exports from the Roy Hill project has contributed to the falling iron ore price, while iron ore has shed about nine per cent in Australian-dollar terms in recent days due to the strength of the domestic currency.
CORPORATES
PORT OF TIANJIN, ROY HILL IRON ORE PTY LTD, VALE SA