Original article by Sean Smith
The West Australian – Page: Online : 21-Apr-23

The iron ore price has averaged $US109 per tonne in Singapore trading so far in the 2022-23 financial year, having peaked at around $US130 a tonne in March. The price of the steel input remains well above the Western Australian government’s revised full-year forecast of $US87.40 per tonne, which was issued in December. However, some analysts are bearish about the outlook for the iron price over the medium-term, citing factors such as rising output from major producers and a slower than expected rebound in demand for steel in China’s construction industry. Iron ore is WA’s biggest export earner.

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