Original article by Peter Ker
The Australian Financial Review – Page: 21 : 15-Sep-16

Colonial First State Global Asset Management’s Todd Warren notes that a number of factors have contributed to lower-than-expected iron ore supply in 2016. However, he says the most bearish forecasts for the iron ore price are unlikely to be realised. The price of the steel input has retreated in recent weeks, although it has remained above $US50 per tonne for most of the last six months. Citigroup forecasts that the iron ore price will average $US45/tonne in 2017.

CORPORATES
COLONIAL FIRST STATE GLOBAL ASSET MANAGEMENT, CITIGROUP PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, CLIFFS NATURAL RESOURCES INCORPORATED, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, SAMARCO MINERACAO SA