The Rising Influence of Rising Affluence

[Democritus_of_Abdera]

Dew, you are right... the IODEX is for 62% fines.... but the major Australian suppliers are providing primarily ore with 58% or lower content... and this is where the big discounts in price are occurring (and where I expect the major cutback in purchases will occur if the Chinese reduce their steel production on a protracted basis).