Okay, I've done some further anlaysis.
62% fe CFR previous trough was on 18 November.
Then (Metalbulletin $86.85, Platts $87.20).
Those numbers will again be tested in 4 weeks time around 21 March. That's just the beginning. The gut wrenching ride starts as it plunges to the depths no seen since mid late 2015.
IO prices will have a "5" in front of it. But what about a "4" ?
Don't say I didn't warn you.
Iron ore price, page-43637
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