August said to be a seasonally slow period for steel, so we may...

August said to be a seasonally slow period for steel, so we may have to wait for September to see if things pick up.

Volumes down 9.3% at Port Hedland:

http://www.marketwatch.com/story/china-pullback-slows-port-hedland-iron-ore-exports-2012-08-07

Iron ore inventories increase in China (w/w):

http://news.xinhuanet.com/english/china/2012-08/07/c_131767824.htm

"Inventories of imported iron ore at the ports stood at 98.76 million metric tons, up by 420,000 metric tons week on week. "