The only commodity that S32 is getting a good price for is manganese ore. GEMCO is doing really well and thats about it. Iron ore is the place to be, likes of RIO are printing money, followed by FMG, BHP and dare I say GRR who are selling IO pellets at over AUD$200/tonne.
http://gu.sina.cn/ft/hq/nf.php?symbol=I0&autocallup=no&isfromsina=no
Aluminium is still in the dog box and its about time that world wide production is cut.
I note that the Chinese Ferroalloy Association have called on their members to reduce production of manganese alloys to help push down the price of manganese ore.
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