Original article by Jasmine Ng
The Australian Financial Review – Page: 22 : 12-Aug-16

The iron ore price has averaged around $US53 per tonne so far in 2016. Prestige Economics president Jason Schenker has forecast that the price of the steel input will average $US55 per tonne for the full calendar year. He also expects it to trade at around $US60 per tonne in the second half, while he says it will rise to $US62 in 2017 and $US72 in 2018. Schenker had forecast in October 2015 that the iron ore price would rebound, citing factors such as economic stimulus measures in China.

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