16
Dec
00:00
Australia budgets for an iron ore price of $60/t for another 2 years
Australia’s treasury has revised its projected budget deficit upwards to A$10.6 billion ($8.7bn) in 2014-15, and to a A$14.1bn loss in fiscal 2015-16, largely because of declining commodity prices. The fall in iron ore prices has meant company tax receipts have been revised down by $2.3bn this year. They will also fall by a combined $14.4 billion over the next four years, according to the treasury’s December report, seen by Kallanish.
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Anonymous
Very good overview of the weekly steel market.
Anonymous