Original article by Jessica Sier
The Australian Financial Review – Page: 33 : 17-Nov-16

Katana Asset Management’s Romano Sala Tenna says the iron ore price has risen too quickly, and he notes that global supply is likely to increase if the price remains elevated. The pullback in the price of the steel input in mid-November 2016 has followed a rally in the wake of Donald Trump’s presidential election win. China’s Ministry of Industry & Information Technology recently forecast that the nation’s annual production of crude steel will fall to between 750 million and 800 million tonnes by 2020.

CORPORATES
KATANA ASSET MANAGEMENT LIMITED, CHINA. MINISTRY OF INDUSTRY AND INFORMATION TECHNOLOGY, UBS HOLDINGS PTY LTD, CLARKSONS PLATOU SECURITIES, BLOOMBERG WORLD IRON AND STEEL INDEX, REPUBLICAN PARTY (UNITED STATES)