Crystal ball, too hard to tell.China is recovering. Still...

Crystal ball, too hard to tell.

China is recovering. Still producing steel at record quantities. Majority of their imports is used domestically. But as the world collapses so will their exports, will their government give stimulus to grow domestically?

Brazil is struggling & probably going to get hit by the virus worse than the Pilbara. India is not producing ore much this year.
Rest of the world is about to collapse, both in iron ore production, steel production & steel consumption. Government stimulus will be needed 2nd half of this year, globally. Its a personal gut feel on which way it will go.