Agree with you totally I never defended Gary in what happened ....
And have no explanation for him ...
Definitely takes the cake...
With fe heading below 100 p/t how long do you think it will stay there...
In what I have read to my knowledge the Chinese supply approx a 1/3
of total global fe and most of their companies are not profitable when fe is below $100 ..
So given that their stock piles are quite high they are being quite tactical ..
I don't believe they would want their own companies to shut shop because this would create a greater demand and less control for them...
on the way back up 50% today, page-226
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