iron ore price, page-437

reub.... I have to disagree with you on all points.

They do hold almost all the cards, and when you are the leaders in the industry others under you follow, They either follow you ramp up production, hold steady or follow you in cutting back production, it happens in fuel retailing. And the same principle applies here.

It would take either RIO or VALE  to make the first move and the rest will follow without a doubt... orchestrated collusion.

collude to make the price go up markedly but they are only going to do that if it makes more profit for them, which it won't

You need to run previous numbers on your above statement, It will not add up

In fuel retailing the majors take turns in moving retail price boards and terminal gate pricing up, an example when Shell take the lead, the BP or Caltex reps on the road call up the retail outlets and say ok Shell at so and so is up move the price up to $1.50/l

BP, Caltex follow first, then 7-Eleven trials about 1 day behind and then the smaller independent last.

After a couple months its then Caltex turn to be the first mover....and the cycle goes on

But its not collusion is it.