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Analysts take bleak view on iron ore.

Bonjour Kwon 2014. 5. 25. 21:18

SARAH-JANE TASKER

THE AUSTRALIAN

MAY 24, 2014 12:00AM

IRON ore — Australia’s No 1 export earner — hit two-year price lows this week, sending shivers through the sector that a new slump in the price of the steelmaking commodity has begun.

 

The price continues to hover below $US100 a tonne and, while the main producers are better prepared than the last time it fell to this point (just under two years ago), revenues will be hit.