This page suppose to be IO prices. It seems to drift off...

This page suppose to be IO prices. It seems to drift off elsewhere at times.

FMG,BHP and RIO today too.
FMG div yield if buying now is 11.21%
BHP div yield if buying now is 5.33%
RIO div yield if buying now is 6.01%

To make 1 billion tons of steel China needs 1.6 billion tons of steel.
They state the economy has leveled down at 1 billion tons of steel.
Australia exports around 900 million tons of iron ore a year.
Its not going to effect the iron ore miners here at all.

China has new rules for iron ore mills which come into effect on September 25 which is why they dumping cheap steel to make
make for the new regulations which is why I think the iron ore prices are up earlier than normal. Re stocking is going on.

Its true only 1% of their Chinese steel mills make money but people forget they are backed and propped up
being a communist state they have to keep it going for other industries.

Next hear we will likely see interest rates come down which means more will start to flood back to shares to get a
better return on their money.