If this happens, then all mag players will be out. How will any green steel producers be able to get their high grade iron?
although, you haven't been clear. is it sub 80 for Fe 58,62 or 65? Whilst a recession may cause a downturn in infrastructure (China haven't pledged 5.3T), have we considered whether the gap between 62 and 65 may widen due to separate demands?
At the end of the day, everyone in this speculator end is taking an educated guess where things will go. But if iron drops, so will a lot of other commodities. You could make the same general comment for nearly all of them.
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