Benchmark spot fell slightly to $63.40. Not much to go on with China closed but here are a couple of links in peak steel in China from the FT and Reuters. Nothing new but true!
And little material on FMG from The Australian:
The team at Morningstar said it expected negligible free cash flow at the miner until the end of fiscal 2017 as margins suffer under the lower iron ore price and as Fortescue delivers $US1.2 billion ($1.5bn) worth of iron ore already paid for by customers.
