The price of Australia's most significant export has fallen in recent weeks.

Ore fall a big dent to budget

The dramatic fall in the price of iron ore since the start of March could punch a $1.4 billion hole in the state’s finances in the next financial year.

With an overnight price of $US63.20 per tonne this morning, the steelmaking commodity is trading at a level around $US18/t lower than at the end of March, when it was $US81.78/t.

See the BNiQ iron ore price chart. 


(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

Thanks! This question prevents spammers...
Enter the characters shown in the image.

Add your comment

Total staff

BNiQ Disclaimer