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Iron ore: The blue sky is falling

CHINA’S steel sector is supposed to be going fine, yet iron ore prices keep sliding. Now two leading investment banks have slashed their price forecasts for this year, so is the blue sky finally falling for Australia’s wonder commodity? <b><i>The Metal Detective</i> by Stephen Bell.</b>

Stephen Bell

Western Australia’s three wise men of iron ore – Andrew Harding (Rio Tinto), Jimmy Wilson (BHP Billiton) and Nev Power (Fortescue Metals Group) – have had more to be gloomy about this autumn than Perth’s...

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