Iron ore price, page-981

Well that's peachy rcman.

Perhaps you should post that at the BHP thread and let the BHP longs know?

But yes GS are bearish on iron ore. From the recommendation you mention

We see IO as having the worst outlook given:

1) steel production is running at a high level,
2) exporting excess production could prove challenging with new tariffs in place; and
3) tighter credit conditions are seeing downward pressure on China steel prices.

This together with: 1) high IO inventory levels, and 2) further production from global seaborne producers and China domestic will likely see IO prices lower

As you say not great for BHP. But just imagine being a pure play iron ore producer ...

Thanks for calling that to my attention though