Read this tonight on the old SCMP and had to laugh.
Very predictable, typical CCP jaw boning.
Anyway let's see what happens. They can't have it always. They can't talk about the market economy on one hand and then complain about the prices going up.
The demand for the steel is real, so is the demand for IO. They need to accept that stimulating the economy will mean more steel is required and this is the only thing that they know what to do.
Anyway, it's like a broken record.
Will they bring in BHP, RIO & Vale in for questioning?
Iron ore price, page-43063
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