The West

Iron ore miners hit by price falls
Iron ore miners hit by price falls

UPDATE 2.25pm: The nation's iron ore miners continued to feel share price pressure today on the falling iron ore price.

Iron ore was $US91.50 a tonne yesterday with further pain expected.

Fortescue Metals Group was the worse affected after it copped a downgrade from Morgan Stanley.

Shares in FMG shares plunged 27 cents, or 6.24 per cent, to close at $4.06.

Atlas Iron was also off sharply, down 2.5 cents, or 4.07 per cent, to 59 cents, a post-GFC low for the stock.

Rio Tinto gave up $1.12, or 1.91 per cent, to close at $57.60 while BHP fell 42 cents to $35.29.

The West Australian

Latest News From The West

Dedicated lanes for the exclusive use of vehicles with one or more passengers will be considered as part of the State Government’s long-term transport plan for Perth.

Popular videos