Original article by Paul Garvey
The Australian – Page: 22 : 8-Mar-17

Australian iron ore miners’ earnings have been boosted by the recent spike in the price of the steel input to more than $US90 per tonne, but Evans & Partners analyst Andrew Hines warns that the rally is not sustainable. He forecasts that the iron ore price will fall from its current level to around $US45 in the second half of 2017, which will in turn hit the profits and share prices of BHP Billiton, Rio Tinto and Fortescue Metals Group. Credit Suisse and UBS recently upgraded their iron ore price forecasts for 2017.

CORPORATES
EVANS AND PARTNERS PTY LTD, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, CREDIT SUISSE (AUSTRALIA) LIMITED, UBS HOLDINGS PTY LTD, ATLAS IRON LIMITED – ASX AGO, VEDANTA RESOURCES PLC, MOUNT GIBSON IRON LIMITED – ASX MGX