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Re: littlefish post# 2946

Friday, 09/05/2008 9:29:30 AM

Friday, September 05, 2008 9:29:30 AM

Post# of 7895
True that too. I know coal mining is expanding... maybe they get the foot in the door there and it can offset any reduction in ore mining.

China is getting hit hard with increases in ore costs. Brazil up 95%, Aussie up 90%. It's putting a damper on them, they are looking to cheaper sources of steel in other parts of the world. IMO, they are about to scale back production to reduce costs. I think the explosion of commodity prices is killing them just like it is us.
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