Original article by Vanessa Desloires
The Australian Financial Review – Page: 13 : 8-Apr-16

The price of iron ore for delivery to the port of Qingdao in China was trading at around $US55 per tonne in early April 2016. Fortescue Metals Group CEO Nev Power believes that the price of the steel input may be at or near its bottom and is likely to stabilise. Meanwhile, Power expects annual demand for steel in China of around 800 million tonnes and he is upbeat about the outlook for the Chinese economy. He also says the group’s blended iron ore joint venture with Vale should be finalised within 3-4 months.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, VALE SA, CREDIT SUISSE AG, McKINSEY AND COMPANY, BHP BILLITON LIMITED – ASX BHP, ROY HILL HOLDINGS PTY LTD