Original article by Stephen Cauchi
The Australian Financial Review – Page: 35 : 20-Apr-16

The iron ore price is trading at around $US60 per tonne, but Macquarie Group does not expect the recent gains to be sustained. Macquarie forecasts that the price of the steel input will retreat to around $US52/tonne during the June and September 2016 quarters, before falling to $US48/tonne in the December quarter. Macquarie also expects the iron ore price to reach a low of $US45/tonne in 2017.

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, CITIGROUP PTY LTD, RIO TINTO LIMITED – ASX RIO