That isn't how the world works at all.
Even if you are making what ever you have to be competitive or go bankrupt which many do.
BHP, RIO, FMG and Vale basically control the prices. If they want to they can slow it down and put the prices up
but that is not how they think. Even if it drops as long as they exporting more of it that makes up the short fall of the price.
If it got to low they just slow down production then the prices would rise.
Prices will rise naturally come bout October anyway.
Iron ore price, page-54026
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