WARNING the following article is positive for I/O.
http://www.*.com.au/iron-ore-is-flying-2016-1
a further point is related to the closure of steel mills in China.
I have it from a Chines acquaintance that the steel industry is undergoing a restructure in China. Steel mills are being relocated away from major cities. Oz media has reported two major mill were relocated to the coast. Others are being relocated to the West. The number of mills will be reduced (smaller will disappear) Some of there production may be taken by the larger mill. A better indication of the industry would be the total tonnage of steel produced.
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