That's my take on this, as well. Just getting back into the conversation here after a long break.

On an unrelated note, I followed the journey of the Agios K and tracked it to the coast of Algeria, near Jijel. It never seemed to make it to Italy, like I expected. I know the Agios K was not ours, but interesting to see where iron ore went and note the time it took to travel there, etc. Looks like a new steel plant is in the works...

Algeria to start the construction of a 2 billion Steel plant with Qatar (US)

http://www.france-metallurgie.com/index.php/2...-qatar-us/