Original article by Jessica Sier
The Australian Financial Review – Page: 29 : 15-Jun-17

The spot price of iron ore for delivery to the port of Qingdao in China has fallen below $US54 per tonne, its lowest level in 12 months. A number of factors have contributed to the recent downturn in the iron ore price, including a sharp fall in Chinese steel exports, a growing move toward protectionism by other steel-producing nations and China’s move to reduce steel capacity. However, Deutsche Bank expects demand for steel in China to remain relatively strong.

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