The govt pen-pushers now need the iron ore price to fall by 37% over the next 18 months as the Spot Iron Ore price China Import(Fines 62% Fe) went up US$0.90 to US$78.00/dry ton overnight.
And the USD price for our pellets keeps rising into January:
http://www.steelmint.com/pellets-prices-global
Look at middle line-CHF China-then click on orange graph symbol.
The trend is your friend so can't see any reason to be spooked by these boffins.
Pellet Price, page-197
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