Kacy,
In the Ausralian today, there is a mention that 5 Chinese mills, including the largest one, Baoshang, are going to increase the price of steel in the near future.
IMO, if they are going to increase the price of steel, it means that they would expect a large increase in demand for the same. Hence increase demand for raw materials.
It may not be that our IO miners, will have to take a huge cut after all. There is no doubt that they will take a cut, but not a huge one as anticipated/speculated. IMHO 15% to 20% would be the most likely outcome.
Please DYOR.
Buddy
can some one tell me, page-7
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