Iron-Ore Prices May Fall Further in 2014 --ANB

        0009 GMT [Dow Jones] Iron-ore prices will fall further in 2014 as supply by sea increase, National Australia Bank says in a report. Supplies will increase "significantly" in 2014 and 2015 with most coming from Western Australia, it says. Downward pressure on spot markets will continue in 2014 and prices will head towards $100/ton by the end of the year, it says. Volatility in prices is a result of uncertainty about steel mills in China and trade financing, it says. China is the most important market for the international trade accounting for two-thirds of all imports in 2013. (arpan.mukherjee@wsj.com)
        (END) Dow Jones Newswires

        May 05, 2014 20:09 ET (00:09 GMT)