Cotton & Western Mining Inc. (CWRN)

[JohnCM]

There is money to be made in this sector ...

Peak steel was pencilled in for the next decade, an assessment that looks ever more questionable as China’s steel producers reel from a toxic mix of slowing demand from the property sector, an environmental clamp down and relentless margin pressure.
The second was that new, lower cost supply would neatly displace higher cost producers, bringing the market back into balance. This cost curve argument has been used by all the big three majors, Rio Tinto, BHP Billiton and Vale, to justify to shareholders why they are bringing on more production at the time when Chinese demand for their product is looking decidedly shaky. It too, though, is now starting to look highly problematic.