Posted On: 02/16/2015 1:29:53 PM
Post# of 8059
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.''
''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.''
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