Original article by Tess Ingram, Lisa Murray
The Australian Financial Review – Page: 21 : 24-Apr-17

The price of iron ore with 62 per cent iron content averaged $US85.52 per tonne in the March 2017 quarter, while lower-grade iron ore averaged $US52.96 per tonne. However, some analysts do not expect the price differential to be sustained. Mark Pervan of AME Group notes that Chinese steel mills are already beginning to use lower-grade iron ore again. Meanwhile, China Iron & Steel Association vice-president Li Xinchuang has forecast that the iron ore price will average about $US65 per tonne in 2017.

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