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Simandou sting in Port Hedland push by BHP

Iron ore prices are down 11.5% on the December half year average to US$84/t, notwithstanding the production woes of Brazil’s Vale.

Simandou sting in Port Hedland push by BHP Simandou sting in Port Hedland push by BHP Simandou sting in Port Hedland push by BHP Simandou sting in Port Hedland push by BHP Simandou sting in Port Hedland push by BHP

BHP's facilities at Port Hedland

The drift in prices to lower levels is seen by most as the first in a likely series of step-downs to $60/t and below within the next couple of years.