I'm not buying into the media noise BC and this is a response I got from the CEO of M4M regarding China...
"What I have learnt about China is that it is the master of propaganda when it wants to manipulate commodity pricing. Right now China is predatory pricing steel exports in order to capture market share from India which is an aspiring steel producer in its own right.
The stories of iron ore collapsing are not new; they have been around for as long as I have been in the industry and well before that as well. Iron ore, like other commodities, is cyclical; it will rise and it will fall off the back of demand and market manipulation which is what we are seeing currently."DYOR.
Ann: Trading Halt, page-32
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