Link to Reuters story - basically China intends to subsidise further a number of domestic Iron Ore mines.
http://www.reuters.com/article/2015/04/08/china-ironore-subsidy-idUSL4N0X52EO20150408
Indeed an "Fe WAR" in the offing.
Mr Glasenberg at Glencore is I believe quite unimpressed with this "dumping" - $30 here we come