Mike, Chinese steel firms are making huge profits and can easily deal with price demand for Australian iron ore.
They export of course (look around the shops "made in china") but their primary market is for domestic consumption which at last count had a GDB of 11.4 % :)
All attempts to slowthe Chinese economy have alwasys failed, and demand will always drive it with such a huge population.
IMHO
15 pct indian iron ore export tax, page-5
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