Lets be positive with IO, page-3

ASX-dude,

You have made a few incorrect statements in your attempt to keep IO afloat. Firstly this is out of an on line magazine about the amount of IO in China....

"China Iron & Steel Association has provided a much more realistic estimate of Chinese steel demand. It expects steel consumption to drop by 6% YoY this year. And though Chinese steel production has also declined in the first five months of the current year, the decline isn’t enough to stop an increase in Chinese steel exports.
Higher exports

China has been producing steel in excess of its domestic demand for several years. Steel exports from China have reached record highs as a result of this overproduction."

So your China is growing at 6-7% might be accurate, but it has nothing to do with steel and therefore Iron Ore.

The majors, including BHP, RIO, GINA and VALE are increasing output by 220mt/a between now and next year, Vale alone will add 90mt/a just from its S11D mine at 67% iron content!! Gina is coming on line as early as SEPTEMBER this year with 55mt/a. These additions to the market guarantee small producers like AGO go bust, they are even getting worried on the FMG threads where costs are way below AGO's.