Those in the know, know whats going on with the iron ore market...

Those in the know, know whats going on with the iron ore market at present.
AND
TTY is dirt cheap under 25 cents.

Chinese steel mills in mad rush for Indian iron ore fines
Saturday, 02 Jan 2010
2010 opened with a big bang for Indian iron ore miners as spot prices for export of Indian iron ore fines surged by 5% to 10% for various grades in a span of few days

FOB prices have gained 15% to 26% for various grades in last 22 days since the last low on December 11th 2009.

On the other hand, yearly comparison reflects 40% to 63% increase in FOB prices for Indian iron ore fines.