It is in Chinas interest to talk up a slow down in the steel...

It is in Chinas interest to talk up a slow down in the steel industry in China.Its been a long time since they could bring anything to the negotiation table as far as prices go,so a percieved weakness in demand could be used by them to stop any price rises and soften the resolve of FIRB to keep them out of production in Australia in a meaningful way.The Chinese are now also feeling the pressure of soveriegn risk with Brazil proving that could be very unreliable in the long run.Have we had any actual proof yet that things a slowing in a big way in China.Growth has gone from 11 to 9 percent,mostly because the Chinese government wanted it to,and I certainly dont see any slowing in employment in the Pilbara.I dont buy it.