Iron ore price, page-132

rc
And I read that like this. China is not going to take the pedal off emissions controls, so the more efficient mines won't be able to use the bulk of poor quality 20% and 30% iron ore. With the new controls the mills will need to blend the poorer quality ore to a higher standard than previously. The economics of this will mean the better quality seaborne ore will be cheaper than the new higher standard domestic blended product.
Bottom line there may be some blended higher quality ore come on but it certaintly won't be a 20% expansion more like a 10% or less and 16m tons a year max is neither here nor there. The odds are stacked very much against a significant increase in domestic ore, because of these economics. Can't see it happening and yet again the lazy analysts haven't dug down into the the realities of the situation just a throw away line.

In June when prices are still $80 and above watch the shorters run for good.