Original article by Stephen Cauchi
The Australian Financial Review – Page: 26 : 7-Jan-16

The sharp downturn in the Chinese sharemarket on 4 January 2016 has in turn prompted the iron ore price to retreat from its recent high of $US44.37 per tonne. The price of the steel input fell to $US38.30/tonne in mid-December 2015, and Citigroup’s Ivan Szpakowski forecasts that slowing demand from Chinese steel mills will see it fall below $US40/tonne again. Recent data shows that there has been strong growth in iron ore stockpiles at Chinese ports.

CORPORATES
CITIGROUP INCORPORATED, BLOOMBERG LP, MAIKE FUTURES, SHANGHAI STEELHOME INFORMATION TECHNOLOGY COMPANY LIMITED, GRANGE RESOURCES LIMITED – ASX GRR