wait for the bounce

So Howlow want SDL at 45c due to the last 3months of SP, the drop in IO prices. Fair enough one might say but when they get 6+ billion tonnes for IMO cheap as chips and then IO bounces to 110 or even back up to it's highs what will the big 3 or 4 be saying? There will be groups IMO who would be looking at the value of SDL considering the low price forecast to extract per tonne against the rebound in IO prices that we all know will happen. Infrastructure needs to be built and steel is the main item on the list. The irony here is that the price of IO has dropped due to chinas apparent slowdown but they aren't buying as they are using their stockpiles. They in affect are controlling the IO price to an extent and then crying poor and throwing lowball offers left right and centre and dragging out the process while still producing steel at a high rate.
Or don't I have a clue?
End of rant
Good luck all