Original article by Tess Ingram
The Australian Financial Review – Page: 18 : 23-May-17

Research by UBS shows that the break-even cost for producers of lower-grade iron ore has increased due to the widening spread between such iron ore and the benchmark index price. As a result, the break-even cost for Fortescue Metals Group has risen by $US13 per tonne to $US43 in the last 12 months. Fortescue is likely to be affected by Chinese steel mills’ growing demand for higher-quality iron ore as less efficient mills are closed down.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, UBS HOLDINGS PTY LTD, DEUTSCHE BANK AG, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO