Chinese Premier Wen Jiabao,s stated goal of increasing private...

Chinese Premier Wen Jiabao,s stated goal of increasing private sector funding would help the steel market .

We visited steel mills in Hebei and found utilisation has been rising since February and mill inventory is decreasing, Hong Kong based Citigroup analyst Scarlett Vhen said Loossening liquidity and improving seasonality are both helping demand warm up .

Mills have adjusted the level of inventories they,re holding to reduce their working capital requirements
Macquarie analyst Graeme Train said .They,ve gone from holding 45days of stock to 30 days in the period from April last year.

A major iron ore trader based in Hong Kong said the market would continue to be range bound around $US145 a tonne and that crude production would not grow far beyond 700 million tonnes this year compared with last years 685 million tonnes.
Comments from people who are on the spot .It does not look as bad as it seems .The Chinese have been traders for much longer than many Aussie companines and any why of bringing the price down is on the cards

Every one is talking Ian Burston ,Don Carrol is another board member who should not be over looked .
Have a good week guys