back of the envelope musings, page-5

prices will be stronger for linger imo, why? the rebound in prices suggests the market is genuinely short of iron ore and second, recovery has not really taken root on a global scale, and the GFC resulted in the shelving of many an expansion plan, and fourth the quality of chinese ore is continuing to decline thus resulting in an increasing demand for imported ore so i would expect next quarter will see yet higher iron ore price settlements than present, the iron ore oligopoly has got the mills in a tight spot and will milk their power for all it's worth