leishd - OK the tone is bearish, but there are some positives for IRD in your link: "Investors betting against China and its demand for iron ore will be proven wrong, Murilo Ferreira, the chief executive officer of Vale SA, the largest iron-ore producer in Brazil, said on March 19." "If prices drop to $100, supplies in China may be hurt as domestic mines with high production costs are forced to cut output or close, the Australian government forecaster said." "A possible strike by tugboat operators at Port Hedland may disrupt shipments." [relevance to IRD is not so much the strike itself, but the need for other ports]
I read recently (sorry no link) that China's iron ore demand is regularly underestimated at this time of year. To do with massaging of year-end figures I think.
IRD Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
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