from Market Realist -the only good news

''While there’s still an oversupply of iron ore in the system, sustained closures by high-cost mines in China and elsewhere can help revive the situation and save the day for the miners.

Chinese domestic iron ore is generally a lower-grade quality than imported ore. China’s environmental regulations may force steel producers to rely more on high-quality imported ore to reduce the pollution caused by refining low-quality domestic ore.''