Relax....
"Steelmakers are buying ore even as inventory at port-side warehouses piles up to near-record levels and a slowdown weighs on the broader Chinese economy"
"The world's top iron ore producers are set to produce an additional 126 million tonnes, or 14 per cent more, iron ore by the end of this year compared with last year, according to analysts."
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China eyes alternatives to BHP, Rio
Dow Jones newswires
China's dependence on foreign iron ore will likely reach new records, industry officials said, which could help underpin slumping global prices and intensify Beijing's efforts to diversify sources of the important steelmaking ingredient.
The forecast also foresees a rise in China's steel production despite government efforts to curb an industry widely seen as bloated and polluting. Beijing has pledged to curb industry suffering from overcapacity as part of its effort to restructure its economy, but the effort is politically difficult in places where such facilities are major employers............cont'd
http://www.businessspectator.com.au/news/2014/2/26/china/china-eyes-alternatives-bhp-rio
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Those that have an interest in driving the price lower will be posting and promoting uncertainty to suit themselves.
I don't see underlying demand diminishing anytime soon and we all know prices fluctuate.
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