Ash saw my typo India is the 3rd largest iron ire exporter! Not 1/3 of world output! Which is what I meant! My mistake.
Either way my point still remains 100-120 mtpa was coming out of India. Now that Kanatarka banned Fe exports that means a reduction of around 25-28mtpa, when China's demand rises by 40-5mtpa is going to be a good thing for SDL.
I got nasty because I dont think it's appropriate to bag Indians for being starving Yacheng. Let's just focus on the dirt and SDL's future potential!!!!
SDL Price at posting:
31.0¢ Sentiment: LT Buy Disclosure: Held
