Original article by Tess Ingram
The Australian Financial Review – Page: 20 : 28-Oct-16

The iron ore price has rallied to more than $US60 per tonne, compared with just $US38/tonne in late 2015. Fortescue Metals Group CEO Nev Power says his company expects the price of the steel input to trade within a range of $US40-$US60 in 2017. He adds that an improvement in sentiment could prompt a further rise, adding that there is unlikely to be a large enough fall in demand for iron ore in China for the price to retreat to around $US40. Morgan Stanley forecasts that iron ore will average $US42 in the December 2016 quarter.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, MORGAN STANLEY AUSTRALIA LIMITED, ROY HILL HOLDINGS PTY LTD, VALE SA