Vivek Dhar, mining and energy commodities analyst at the...

Vivek Dhar, mining and energy commodities analyst at the Commonwealth Bank, agrees with that assessment, noting that if there is to be any demand from mills, it’s likely to be for more efficient, higher grade ores.
“The winter cuts to China’s steel production have also increased the preference for higher grade ores,” he says. “China’s focus on environmental protection though means some of the switch to higher grade ores is permanent.”

Read more at https://www.*.com.au/iron-ore-futures-are-getting-hammered-2017-10#xGLRQpC4i1lgeSiU.99