Iron ore price, page-934

If the Government wanted to slow down the import of Iron Ore, then why have they shut down so many mines that were producing 80 MT of Iron Ore? This encourages Steel Producers to buy IO from Overseas, better quality and at a lower price. It looks to me like they have found a floor around the $80 mark, at this price it will discourage new mines starting up, and those already in the game such as AGO can continue and make a very decent profit.
It's obvious you are a shorter, your comments are always negative and you continue to down-ramp AGO. I guess you must be losing money at the moment?