China always plans decades ahead. Steel industry is so important to her economy and secured supply of iron ore is her national interest. Please refer to my Post#15019611 "Worth a Read". That's what I and some posters have been saying. IMO, if anybody makes a move on SDL, China will jump out straight away.
As to the current iron ore price, I still believe China is part of the game to push the price down. As a buyer, why not? Mr Barnett said recently, China is offended when the iron ore price was rocket high when China needed the iron ore most. Now is pay back time.
Are the big boys regret now?
Cheers.
Pikapika
China always plans decades ahead. Steel industry is so important...
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