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Full details: http://plts.co/PD8a30c9KV1Iron ore prices have fallen from $95/dmt to just over $60/dmt in three months amid oversupply and weakening steel markets. Speaking to Peter Brennan at the Platts Global Metals Awards in May, Nev Power, CEO of Fortescue Metals Group, gave his view on prices, the expansion plans of Australian miners and demand for higher grades going forward.

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S&P Global Platts GMAs video Global Metals Awards Fortescue Nev Power metals steel ferrous steelmakers steel mills steel prices mining miners iron ore raw materials pricing prices assessments benchmarks analysis price analysis commodities analytics business trading Show More Platt platte platt to platt Gma gma GMA 2017 irvine-fortescue authority bureaucrat chief commander controller custodian dean director executive head inspector judge leader manager minister officer official organizer superintendent supervisor President ambassador boss captain chair chairperson consul exec governor mayor overseer premier producer front office head honcho head person person upstairs prez employee follower worker administrator expert law arbiter aristocrat Bible brains brass buff connoisseur czar egghead establishment feds guru kingfish kingpin pro professional professor pundit scholar specialist textbook upstairs veteran virtuoso whiz wizard big cheese big shot big wig city hall ivory dome power elite top brass top dog top hand amateur greenhorn ignoramus proletariat rookie student operator owner pilot skipper cap CFO chieftain guide skip top four-striper higher up number one company corporation entrepreneur firm management manufacturer organization businessperson capitalist juice outfit patron proprietor meal ticket slavedriver workers big cheese employer administration government directorate heavyweight hierarchy higher-up industrialist leadership tycoon VIP big wheel key player better elder principal ruler senior junior agent civil servant commissioner representative secretary chancellor comptroller dignitary functionary incumbent magistrate marshal officeholder panjandrum treasurer chief executive officer chief of state commander in chief head of state person in charge prime minister president inferior servant superior CEO argue confer consider debate deliberate examine explain review take up altercate canvass confabulate contend contest converse descant dispute dissertate figure groupthink jaw moot sift ventilate weigh bounce off compare notes consult with discept discourse about dissert exchange views on get together go into hash over hold forth kick about knock around put heads together reason about thrash out toss around agree ignore neglect be quiet give in give up discussion discuss </discussion> [/discussion] discussment Discuss rigid steely adamant firm heavy immovable steel thick unbending adamantine cruel dense ferric ferrous implacable indomitable inexorable insensible obdurate relentless robust strong stubborn unyielding flexible loose moving pliant slight soft supple yielding weak cast coke pig bond chain cuffs fetter handcuffs manacles shackles leg irons bracelet cable clinker connection coupling iron lavaliere link locket manacle pendant shackle trammel club brassie cleek driver mashie midiron niblick putter spoon stick wedge wood clubs affiliations alliances associations bunches circles cliques companies crews factions gangs guilds hangouts leagues lodges meetings mobs orders outfits rings sets societies sodalities stamping grounds unions divisions individuals separations gray Dove ash ashen cinereal clouded dappled dingy drab dusky dusty grey heather lead leaden livid mousy neutral oyster pearly peppery powder sere shaded silvered silvery slate smoky somber stone gray\u002Fgrey battleship granite grayer metal metalliferous earth native mineral parent rock unrefined earth unrefined rock gold iron mineral platinum blende bronze copper lead rock silver tin zinc alloy casting deposit foil hardware ingot leaf load mail native rock ore plate solder vein bedrock boulder cobblestone crag crust earth gravel lava lodge mass pebble promontory quarry reef rubble shelf slab slag stone gem jewel masonry stonework Ore ORS Orful Orring attitude direction perspective viewpoint vision angle headset mind-set routine scope side slant standpoint views frame of mind size of it indifference past chance expectation forecast opportunity possibility prospect risk appearances likelihood opening probability prospects law of averages normal course certainty unlikelihood aspect lookout panorama scape sight vista aim approach hand intention outlook plan point of view position angles bends corners crooks crotches cusps declines divergences doglegs edges elbows flares flections flexures forks inclines intersections knees nooks notches obliquities points slants turnings turns twists anticipation apprehension awaiting contemplation expectancy foresight foretaste high hopes hope impatience joy looking forward preconception premonition preoccupation prescience presentiment promise trust ignorance amazement astonishment doubt fear sensation surprise wonder bearing facet feature gimmick phase regard scene situation switch twist view whole aspects airs attitudes bearings conditions countenances demeanor expressions faces facets forms looks manners miens wholes air belief disposition inclination leaning mental state mindset mood notion opinion philosophy posture predilection reaction school of thought sentiment stance stand temper temperament thinking vantage point way of looking way of thinking where one is at Outlook outlook express Outlook Express Outlook Dump Stable Outlook comprehensive international overall universal all-around all-inclusive all-out blanket catholic cosmic cosmopolitan earthly ecumenical encyclopedic exhaustive general grand mundane pandemic planetary spherical sweeping thorough total unbounded unlimited world local particular specific individual limited across-the-board all all-embracing all-encompassing broad broad in content complete encompassing everything extensive global including all categories including all members panoptic wide widespread all-round broad-spectrum expansive extended far-reaching inclusive wide-ranging wide-reaching far-ranging large broad-minded charitable diffuse eclectic generic indeterminate large-scale liberal open-minded receptive tolerant unbigoted unprejudiced unsectarian whole world-wide exclusive narrow partial narrow-minded absolute across the board compendious comprising containing discursive encircling full in depth infinite lock stock and barrel of great scope synoptic the big picture the whole shebang the works umbrella wall-to-wall empty incomplete needy restricted short unfinished circumscribed definite imperfect selective cosmogonal cosmogonic empyrean grandiose huge immense measureless vast worldwide little miniature minute small teeny tiny bounded globalization alloy hardware ingot mineral ore casting deposit foil leaf load mail plate solder vein native rock cleat batten bit block bollard chock metal spur support wedge wood whole blende bronze copper gold iron lead platinum rock silver tin zinc ores blendes bronzes coppers golds irons leads metals minerals platinums rocks tins zincs bedrock boulder cobblestone crag crust earth gravel lava lodge mass pebble promontory quarry reef rubble shelf slab slag stone gem jewel masonry stonework The Metal Metal Metallical accolade citation decision donation endowment gift gold grant honor presentation scholarship trophy verdict adjudication allotment bestowal conferment conferral decoration decree distinction order feather in cap gold star forfeit loss reward distribute confer hand out bestow allot donate assign present allocate accord apportion render concede adjudge endow dish out shell out fork out sweeten the kitty disagree take keep withhold refuse Awardal award Granny Awards Darwin Awards Coaches award grammy award Comment Awards televised canned prerecorded recorded taped telegenic broadcast program television music video promotional film recording tape TV set audio baby-sitter boob tube box eye idiot box receiver small screen station television set telly tube vid video record book can catalog chalk up chronicle copy cut cut a track document dub enroll enter enumerate file indite inscribe insert jot down keep account lay down list log make a recording mark mark down matriculate note post preserve put down put in writing put on file put on paper put on tape register report set down tabulate take down tape-record transcribe videotape wax write in cancel ignore neglect withdraw audiotape make a tape loosen unfasten unglue unstick videoing The Video videoed Video Nev capability capacity function influence potential skill talent competency dynamism effectiveness efficacy endowment faculty gift potentiality qualification impotence inability incapacity incompetence lack weakness failure inaptitude uselessness debility disability impairment infirmity subservience energy force intensity strength weight arm brawn forcefulness horsepower might muscle omnipotence potency puissance sinew vigor vim virtue voltage applied force mechanical energy inactivity inefficiency authority clout jurisdiction law leadership management prestige privilege right rule sovereignty ascendancy authorization birthright command connection diadem direction domination dominion hegemony imperium license moxie paramountcy predominance prerogative regency say-so steam strings superiority supremacy sway warrant wire inside track inferiority subordination surrender yielding action activity agility alacrity alertness animation ballgame big idea bit business bustle commotion dash deal enterprise flurry functioning game happening hoopla hopper in the works industry life liveliness motion movement occupation operation plan power process proposition racket reaction response rush scene spirit stir stunt turmoil vitality vivacity idleness inaction calm calmness dullness harmony indolence laziness lethargy peace quiet repose rest slowness stillness apathy inertia stoppage administration administering agency application charge conduct conducting control directing dispensation disposition distribution enforcement execution governing government guidance handling legislation order organization overseeing oversight performance policy provision regulation running strategy superintendence supervision surveillance disorganization disregard ignorance lawlessness mismanagement neglect advantage aid asset assistance avail blessing boon break choice comfort convenience dominance edge eminence expediency favor gain good gratification help hold improvement interest lead leeway leg up leverage luck mastery odds position pre-eminence precedence preference prevalence profit protection recognition resources return sanction starting support upper hand utility wealth block disadvantage disapproval disfavor harm hurt injury loss waste bad fortune bad luck blockage hindrance misfortune obstruction stop drawback handicap obstacle restriction advantages aids assets authorities blessings boons breaks choices comforts conveniences edges eminences expediencies favors gains goods gratifications helps holds improvements influences interests leads leg-ups positions powers preferences profits protections recognitions returns sanctions startings superiorities supports upper hands utilities handicaps bad fortunes stops wastes blocks restrictions obstacles drawbacks misfortunes bad lucks obstructions hindrances blockages disadvantages injuries losses weaknesses incapacities agent cause channel factor means medium organ vehicle end affiliate branch department detachment division ell extension offshoot projection section sector wing whole alloy hardware ingot mineral ore casting deposit foil leaf load mail plate solder vein native rock cleat batten bit block bollard chock metal spur support wedge wood whole blende bronze copper gold iron lead platinum rock silver tin zinc ores blendes bronzes coppers golds irons leads metals minerals platinums rocks tins zincs bedrock boulder cobblestone crag crust earth gravel lava lodge mass pebble promontory quarry reef rubble shelf slab slag stone gem jewel masonry stonework The Metal Metal Metallical brace fortify gird animate cheer embolden encourage harden hearten inspirit prepare rally ready reinforce strengthen buck up grit teeth make up one's mind weaken discourage dishearten bandage bind bolster buttress fasten hold up prop shove steady steel strap support tie tighten uphold detach disconnect fail free let down let go loose loosen release undermine unfasten untie brace up brighten buoy comfort console elate elevate enliven exhilarate give a lift gladden help incite let the sun shine in perk up pick up put on cloud nine put on top of the world snap out of it solace uplift upraise warm depress agitate decrease dull hurt sadden trouble upset worry bring down dissuade cure dry fire keep kipper pickle preserve salt smoke temper soften injure applaud boost cheer up energize enhearten excite galvanize give shot in arm goad inspire instigate praise prick prop up psych up push reassure refresh restore revitalize revivify rouse spur stir sway annoy bore calm deaden deter leave alone repress tire block confuse dampen deject dispirit encourages animates applauds boosts brightens bucks up buoys cheers cheers up comforts consoles emboldens energizes enheartens enlivens excites exhilarates fortifies galvanizes give shoots in arm gladdens goads heartens incites inspires inspirits instigates praises pricks props up pushes rallies reassures refreshes restores revitalizes revivifies rouses spurs steels stirs strengthens sways uninspires confuses dampens leaves alone bears troubles agitates upsets depresses dulls discourages hurts blocks dispirits dejects represses calms deters tires saddens annoys deadens weakens disheartens dissuades arouses braces builds up confirms invigorates pours it on punches up reinforces renews stiffens sustains stops halts injures decreases brings down rigid steely adamant firm heavy immovable steel thick unbending adamantine cruel dense ferric implacable indomitable inexorable insensible obdurate relentless robust strong stubborn unyielding flexible loose moving pliant slight soft supple yielding weak iron ferrous Steel Mill foundry plant shop manufactory sweatshop works comminute crush granulate grate pound powder press pulverize boxing battle glove game mill prelim prizefighting pugilism slugfest sparring the ring business Mom and Pop cartel concern corporation establishment factory firm fly-by-night operation house institution market megacorp monopoly organization outfit partnership setup shoestring operation store syndicate trust venture businesses Mom and pops cartels concerns corporations establishments factories firms fly-by-night operations houses institutions markets megacorps mills monopolies organizations outfits partnerships setups shoestring operations shops stores syndicates trusts ventures unemployment recreations avocations branches cooperatives forges foundries industries laboratories machine shops manufactories mints salt mines sweatshops warehouses workrooms workshops branch cooperative forge industry laboratory machine shop mint warehouse workroom workshop grind abrade atomize attenuate beat bray chop up crumble crumple disintegrate file kibble levigate pestle rasp reduce roll out scrape shiver triturate Milled amount bill cost demand discount estimate expenditure expense fare fee figure output pay payment premium rate return tariff valuation worth appraisal assessment barter bounty ceiling charge compensation consideration damage disbursement dues exaction hire outlay prize quotation ransom reckoning retail reward score sticker tab ticket toll tune wages wholesale appraisement asking price face value penalty punishment cause sacrifice fix reduce value appraise evaluate mark down mark up put a price on Priced priced it PRICE Price price drilling boring burrowing digging pitting prospecting quarrying scooping tapping unearthing excavation blasting burrow cavity cut cutting dig ditch dugout hole hollow mine mining pit quarry removal shaft trench trough solid filling Mine mine mine Mines Mine Minely Be Mine prospector collier dredger excavator sapper digger miner mole spade sourdough Minerism Minerals minerals Mineral Hitting an iron ore vein food foodstuffs items material materials necessities provender rations replenishments stock store stores supplies foods raw materials replenishment stocks Raw materials basic coarse crude fresh natural organic rough uncooked undercooked unprocessed untreated green native bloody callow fibrous hard immature impure rough-hewn rude unbaked underdone undressed unfashioned unformed unfried ungraded unpasteurized unprepared unrefined unripe unsorted unstained cooked done well-done peeled cut nude open sensitive sore wounded au naturel blistered bruised chafed dressed galled grazed pared scraped scratched skinned healed healthy young ignorant inexperienced new unconversant undisciplined unpracticed unseasoned unskilled untaught untrained untried unversed old experienced sophisticated foul gross low mean rank crass dirty filthy indecent inelegant obscene pornographic smutty uncouth unscrupulous nice polished polite refined clean moral pleasant bitter cold wet chill chilly damp freezing biting bleak breezy piercing wind-swept windy hot warm clement good Philistine barbarian barbaric base bawdy blue boorish brutish cheap churlish common earthy foul-mouthed gruff ill-bred immodest impolite improper incult indelicate loutish lowbred nasty off-color offensive raffish raunchy raw ribald roughneck scatological tacky tasteless uncivil uncivilized uncultivated uncultured unpolished vulgar vulgarian chaste cultured decent gay happy high honest kind noble pleasing aching achy hurtful hurting nagging smarting stinging tender throbbing birthday suit bare skin in the buff in the raw nakedness native buff state of nature blighting crisp cutting harsh nipping penetrating mild bland calm sweet austere bare blank blighted bombed burned cleared deforested desert deserted desolate dreary exposed flat gaunt grim scorched stripped unpopulated unsheltered weather-beaten wild windswept bright cheerful friendly sympathetic appealing comfortable comforting congenial encouraging sunny dossier evidence goods info input knowledge picture statistics testimony abstracts circumstances compilations conclusions details documents dope experiments facts figures measurements memorandums notes proof reports results scoop score brass tacks chapter and verse whole story data cargo freight stock textile bolt commodities fabric line load seconds stuff wares vendibles commodity involvement produce trade application purchase shipment amount booking bulk commission engagement quantity requisition reservation reserve stipulation order food foodstuffs items material necessities provender rations replenishments store stores raw materials supplies merchandise ware materials bolts cargoes fabrics lines loads stocks textiles foods replenishment materialism Materialism assessment evaluation opinion survey valuation estimate rating reckoning stock appraisement appraisal pricing Priced priced it PRICE Price price appraisal estimate judgment computation determination estimation rating reckoning valuation value judgment duty levy fee tariff taxation demand tax rate charge toll Assessment assessment assess Pre-assessment Mini-assessment criterion gauge standard yardstick measure touchstone guess archetype basis benchmark canon example exemplar fact foundation law model norm opinion original paradigm pattern point of comparison precedent principle proof prototype rule scale change conjecture fancy possibility probability barometer bore capacity check degree depth extent guide guideline height indicator magnitude mark meter sample scope size span test thickness type width extreme unimportance estimate gauges barometers bases benchmarks bores capacities checks criteria degrees depths examples exemplars extents guidelines guides heights indicators magnitudes marks meters models norms patterns rules samples scales scopes sizes spans tests thicknesses touchstones types widths yardsticks unimportances guesses estimates extremes landmark battleground bend blaze feature fragment hill marker memorial milepost milestone monument mountain museum promontory remnant ruins souvenir specimen stone survival trace tree vantage point vestige waypost whole landmarks crises events mileposts milestones stages watersheds wayposts method system trial ignorance inaction inquiry investigation reasoning scrutiny search study test assay breakdown dissection dissolution division partition resolution separation subdivision connection juncture unification unity whole evaluation finding interpretation judgment opinion report summary estimation outline acid test analysis conclusive test crucial test decisive test definitive test experiment genuineness proof proving ground substantiation sure test test of value trial verification analytics data logic anatomy biology cytology diagnosis embryology etiology examination genetics histology medicine morphology physiology zoology audit balancing check checking review survey view categorization classification detailed list itemization checkup control poll rein research Analysis Analysys Analysy amount bill cost demand discount estimate expenditure expense fare fee figure output pay payment premium rate return tariff valuation worth appraisal assessment barter bounty ceiling charge compensation consideration damage disbursement dues exaction hire outlay prize quotation ransom reckoning retail reward score sticker tab ticket toll tune wages wholesale appraisement asking price face value penalty sacrifice cause appraise fix reduce value evaluate mark down mark up put a price on ante pot price stake adjudge apprize assay assess audit calculate check check out deem examine eye figure in figure out gauge guesstimate have one's number inspect look over peg read review set at size survey take account of valuate ignore neglect appraises adjudges assays assesses audits calculates checks checks out deems evaluates examines eyes figures figures out gauges guesstimates has one's number inspects looks over pegs prices rates reads reviews sets at sizes surveys takes account of valuates values neglects ignores appraising adjudging assaying assessing auditing calculating checking checking out deeming evaluating examining eyeing figuring figuring out gauging guesstimating having one's number inspecting looking over pegging pricing rating reading reviewing setting at sizing surveying taking account of valuating valuing neglecting ignoring marked price selling price bid advance declaration feeler hit invitation offer pass proffer proposal proposition request submission suggestion sum summons tender withdrawal denial refusal PRICE Priced priced it Price cargo freight stock textile bolt fabric line load materials seconds stuff wares vendibles goods fund inventory reserve stockpile store supply accumulation array articles assets assortment backlog cache choice hoard pharmacopoeia produce range reservoir selection variety nest egg debt fact truth traffic barter business communication communion connection contact dealings exchange intercourse relations trade buying and selling commercial goods truck commodity merchandise ware lines manufactures material product products abundance affluence cash property prosperity revenue riches richness security treasure worth belongings bounty capital clover copiousness cornucopia dough estate fortune funds gold holdings lucre luxuriance luxury means opulence pelf plenitude plenty possessions profusion substance substantiality velvet lap of luxury long green prosperousness stocks and bonds lack need poorness poverty scarcity want wealth bolts cargoes commodities fabrics loads stocks textiles ranges commode in commode data analysis logic partition Analytics analytical Analytic analytical chemistry flurry analytics employment field trade work biz calling career craft dodge function game line livelihood occupation pursuit specialty vocation bag métier racket what one is into entertainment fun pastime amusement avocation hobby recreation corporation factory firm house institution market organization partnership shop store venture cartel concern establishment mill monopoly outfit setup syndicate trust fly-by-night operation megacorp Mom and Pop shoestring operation deal industry manufacturing trading transaction affairs bargaining barter commercialism contracts dealings exchange industrialism merchandising sales selling traffic undertaking buying and selling capital and labor interest issue problem affair assignment beeswax duty happening lookout matter palaver point question responsibility subject task topic carrying-on goings-on hanky-panky action activity agility alacrity alertness animation ballgame big idea bit business bustle commotion dash energy enterprise flurry force functioning hoopla hopper in the works life liveliness motion movement operation plan power process proposition reaction response rush scene spirit stir stunt turmoil vigor vim vitality vivacity idleness inaction inactivity calm calmness dullness harmony indolence laziness lethargy peace quiet repose rest slowness stillness apathy inertia stoppage bargain arrangement bond compact contract convention covenant engagement negotiation pact pledge promise stipulation treaty understanding disagreement misunderstanding break ripoff art day gig gig handicraft hang life's work lifework metier mission nine-to-five play province rat race slot swindle walk of life surrender unemployment capital IRA cash estate finances financing fortune funds gold interests investment kitty means money nest egg principal property resources savings stake stock substance treasure ways and means wealth wherewithal debt clientele audience clientage clientry clients constituency cortege dependents following patronage patrons public regulars management ownership club baton billy blackjack bludgeon conk buster convincer cosh cudgel hammer hickory mace mallet nightstick persuader quarterstaff rosewood sap shill shillelagh staff swatter truncheon works Business commerce deal dealings exchange industry manufacturing market sales selling trade traffic transaction affairs bargaining barter commercialism contracts game industrialism merchandising racket undertaking buying and selling capital and labor free enterprise haggling trading business businesses Mom and pops cartels concerns corporations establishments factories firms fly-by-night operations houses institutions markets megacorps mills monopolies organizations outfits partnerships setups shoestring operations shops stores syndicates trusts ventures unemployment recreations avocations commercial across the counter bartering commissary economic financial fiscal for sale in demand in the market marketable mercantile monetary pecuniary popular profit-making profitable retail retailing saleable supplying wholesale wholesaling not-for-profit consumerism capitalism disposal auctioning clearance conveyance demolishing demolition destroying destruction discarding dispatching dispensation disposition dumping ejection jettison junking relegation relinquishment removal riddance sacrifice sale scrapping transfer transference vending building construction beginning hold keeping retention start no trades Traded Trade