Iron ore price, page-32101

Here's another thought to start the day..

So China cracks down on its own steel mills. Making them less profitable and places tariffs on the export of steel from China thinking it can control the market.

Free kick to ExChina producers at the expense of China steel mills!!!

Production of steel outside of China is going to explode.

As someone said to me last week, if the Chinese don't want to make steel someone else will do it.

This will actually force prices up in China for steel and make construction even more expensive for them, which I think is the opposite of the intention.

Short term might see some wild swings in the price of IO creating some potentially wonderful opportunities to buy some absurdly profitable Aust mining shares

Fundamentally the market will continue to be in deficit for Iron ore and steel.

I'm still buying.

This isn't financial advice - just my morning thought bubble