Hey andy
Would mackenzie or walsh come out and say that. Maybe not walsh but do you think mackenzie would......no....neither would andrew. Only difference is the market knows were tje cut off point is woth fmg. Go try working out rio or bhp's. Good bloody luck with it.
We know $36-$37 is it with fmg.
Andy aren't you a little pissed what rio and bhp are continually doing. I am and if i ever see those 2 pricks i swear i will crack em one.
Your right about china. I think its partly the winter is playing a part.
Fmg use to quote in there reports china steel will peak at 1.2b tonnes. Now for the past 6 months they have published 800mil yet rio keeps ot at 1.2b and even worse 3b tonnes of steel by 2030. But off course they would as output is tagged to his pay packet. They belived the McKinley report on china steel of 1.2b. What a joke that was.
Iron Ore Price, page-3143
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