IO will never get that low. China needs our ore and their mills are designed for our high quality ore.
China can only get it from two viable locations. Australia or Brazil.
The lowest it ever got to was $30US/T many years ago in the Howard era of politics.
That won't happen again.
World needs steel again as they come out of lock downs.
It may get to $80US/T over a few years but not $20US/T.
China might be looking at a stimulus package soon to get their economy moving again which will see the IO price go back up
in the coming weeks.
Will fmg survive iron at $20 ton., page-9
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