Agree, IO at $80 FMG are making money let alone double that.
China can try and manipulate prices but free markets the best economic model, unless steel demand drops IO will stay at the higher end. China cut steel production then that cut will be taken up elsewhere around the world, they want to cut steel usage in their own country then the Chinese leaders will have to manage the outcome from that decision.
Iron ore price, page-32163
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| Open | High | Low | Value | Volume |
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