Agree with with one of the posts above, nothing is up, its just the the global markets are slowing down, hence China steel mills are slowing down hence Iron ore price WILL fall once renogitiated at years end.
Looks like im not the only one thinking along these lines
http://www.smh.com.au/business/chinese-see-softening-in-iron-ore-steel-prices-20111004-1l7c7.html
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