As i understand it China is reducing iron ore and metalurgical coal imports for a few months to clean the air before the winter olympics. All for media impacts. They are 11% ahead of last year in steel production just for this MEDIA purpose. IMO they will ramp up IO and coal thereafter to catch up and ramp up economy. Whether they buy from OZ is another matter now that Vale is back online. EU is also in a bind with winter approaching but without a bi lateral trade deal we should get super profit rates. All looks positive at a macro level
NHC Price at posting:
$2.38 Sentiment: Buy Disclosure: Held
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