Replies to post #55 on Alderon Iron Ore Corp. (AXXDF)

[Gator44]

) Chinese Steel Prices Improved, Iron Ore Prices Did Not

In February, steel prices rose, but steelmakers still reported losses of as much as $48.24 a ton. 15-month highs in the price of iron ore did not help the Chinese steel industry. This suggests that excess supply still remains for the steel industry.

On March 14, the import price of 62% iron ore fines dropped sharply by 4.4%. In February, imports declined 16% compared to a year ago.

http://seekingalpha.com/article/1276821-how-much-more-downside-is-there-in-cliffs-natural-resources?source=email_rt_article_title