Last year, China cuts to steel production in the second half of...

Last year, China cuts to steel production in the second half of calendar year 2021, Evergrande default and the many China lockdowns.

This year, China lockdowns and continued property crisis. To add to this, a global recession off the back of high inflation and rising interest rates.

It has been increasingly bearish since mid 2021. Which brings me back to my earlier quote: "For all the bearish reasons posted in this thread, the price for 62% Fe is above US$100. I wonder where the price would be if the world was a little less bearish or if China needed to stimulate their economy."

I prefer a bear market because people offer lower prices.