RECENT NEWS
WA Business News  7 hrs ago  Comment 
Stockpiles of iron ore drive prices lower
The Australian  May 24  Comment 
Iron ore prices are under pressure as more than 100 million tonnes of inventory pile up at Chinese ports.
The Australian  May 24  Comment 
The Australian  May 24  Comment 
The local unit has slumped in the wake of Glenn Stevens’ speech, and amid crumbling iron ore prices.
The Australian  May 24  Comment 
The benchmark has sunk below 5300 points as oil and iron ore focussed stocks took a hit.
The Australian  May 24  Comment 
Macquarie says that average iron ore prices won’t reach $US60 a tonne until 2020, as it upgrades its near-term outlook.
The Australian  May 23  Comment 
The local currency has weakened overnight, hurt by a fall in iron ore prices in otherwise lacklustre trade.
The Australian  May 23  Comment 
The price of iron ore has slid over 5pc as analysts remain doubtful on the strength of the recent run-up in prices.
Reuters  May 23  Comment 
Steel and iron ore futures in China sank to their lowest since March on Monday, each tumbling nearly 6 percent at one stage, as faltering steel demand in the world's top consumer put renewed pressure on oversupplied markets.
The Economic Times  May 23  Comment 
New Zealand stocks were not faring much better with the benchmark S&P/NZX 50 index down 0.3 percent, or 23.6 points, at 6.886.3. Yet, it remained near a record high of 6,988.4 set last week.
The Australian  May 22  Comment 
BlueScope Steel has sharply upgraded its forecasts for H2, citing cost reductions and a stronger iron ore price.




 
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