Drop production by 10% stupid.

  1. 7,466 Posts.
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    One would think that at least the Conn & WA Governments would devise a plan
    to reduce production of Iron Ore at least when prices plummet like now.

    It seems that non of the big 3 (RIO,BHP & FMG) are prepared to do the right thing and match supply to
    demand. It seems that China is the only winner and that it is now poised to pick up small producers for
    a song .

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