06.07.2016 - Iron ore price dips as bearish forecasts weigh on commodity
The iron ore price has inched lower but remains above government forecasts, despite yet another analyst prediction that the commodity is set to fall over the second half of the year. Iron ore slipped 0.2 per cent to $US55.80 a tonne overnight, according to The Steel Index, a whisker lower than the previous day’s close of $US55.90. Meanwhile, Metal Bulletin pegged the latest price at $US55.93 a tonne, a 0.5 per cent fall from the prior day...............................................Full Article: Source
Print