Original article by Perry Williams
The Australian Financial Review – Page: 24 : 10-Mar-16

The iron ore price rose above $US63 per tonne on 7 March 2016, but Li Xinchuang of the China Iron & Steel Association does not expect this to be sustained. Li forecasts that the price of the steel input will retreat to around the $US40/tonne level in the near-term, arguing that there has not been sufficient change in demand and supply to support current pricing. Li adds that Chinese regulators may oppose a potential alliance between Fortescue Metals Group and Vale on competition grounds.

CORPORATES
CHINA IRON AND STEEL ASSOCIATION, FORTESCUE METALS GROUP LIMITED – ASX FMG, VALE SA, CHINA METALLURGICAL INDUSTRY PLANNING AND RESEARCH INSTITUTE, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, MOODY’S INVESTORS SERVICE INCORPORATED