30 note, cutting their forecasts for shipments in the quarter for BHP Billiton Ltd., Rio Tinto Group and Fortescue Metals Group Ltd. by 2 percent, 3 percent and 6 percent respectively. Australia is the worlds largest exporter of iron ore. More from Bloomberg.com: Republicans Wonder If Trump Can Recover From Worst Week London-based Rio is likely to miss its full-year shipments guidance of 330 million tons by about 3 million tons, while BHP could struggle to achieve the upper range of its output forecast amid a rail maintenance program and as it commissions a crusher at the Jimblebar complex, according to Macquarie. BHP is targeting output from its Pilbara mines of 265 million to 275 million tons in the year to June 30, the producer said in July. http://foresthillmotel.com/stinterview/2016/09/29/the-basics-to-consider-for-factors-of-specialist-training-for-surgeon/Rio is forecast to produce 325.4 million tons of iron ore in 2016, according to the average of nine analysts estimates compiled by Bloomberg. BHP will produce 255.8 million tons in fiscal 2017, according to analysts estimates. More from Bloomberg.com: Clinton’s Former Prosecutor Endorses Her for President Supply Control BHP, Rio and Fortescue declined to comment on shipments or output ahead of quarterly production statements later this month. The largest producers need to keep a tight control on global supply to maintain pricesat about $45 a ton, according to Singapore-based DBS Group Holdings Ltd. The price rally this year could be threatened as Chinas steel demand begins to weaken, the bank said in a report. Benchmark iron ore dropped about 5 percent in September, the first back-to-back monthly loss since November 2015, according to Metal Bulletin Ltd. BHP, Citigroup Inc.
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