Original article by
The Australian Financial Review – Page: Online : 11-Dec-15

The price of iron ore with 62 per cent content delivered to the port of Qingdao in China has fallen by 1.4 per cent to $US38.52 per dry ton. Falling demand for iron ore in China’s steel industry is likely to put further downward pressure on the iron ore price, with a number of Chinese steel mills having closed down or scaled back production in recent months.

CORPORATES
PORT OF QINGDAO, METAL BULLETIN LIMITED, DALIAN COMMODITY EXCHANGE, PORT OF TIANJIN, THE STEEL INDEX LIMITED, THE GOLDMAN SACHS GROUP INCORPORATED, SHANGHAI FUTURES EXCHANGE, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, ROY HILL IRON ORE PTY LTD, MARUBENI CORPORATION