100m tons portpile is a Trick !!i, page-3

Not so sure this is a Plan by china or if it is. that its working so well. the closing of mines that may never re open at levels around 100 to 110 is not helping their policy ideas of being a consumption drive economy. Unemployment would not help.
feel this is a phase of cleaning out the ore credit system. Well over due in my book. And in the end it will be better for the buyer and the supplier to set their future Investments.

i feel when the dust settles it will make for a more stable Market. We will see what is what over the next few month.

Remember steel is not a luxury item. you cant just substitute it like you can your eating habits. if steak is to expensive u eat sausage's. the bottom line is Growth and future needs.