Alloy Steel Inc. (fka AYSI)

[greasemonkeyshoes]

Spot Price: $97.50 - $3.5 = $94.00 per MT!!

"...Faced with a lack of buying interest, sellers of foreign
iron ore cargoes to China slashed prices a further $3-$4 a tonne
on Tuesday, according to Beijing-based industry consultancy
Umetal.
That followed a nearly 4 percent drop in the price of
benchmark 62-percent iron ore IODBZ00-PLT to $97.50 per tonne
on Monday, the lowest since November 2009, based on data from
information provider Platts......"

http://www.reuters.com/article/2012/08/28/markets-ironore-idUSL4E8JS1EN20120828