No one knows for sure which way Fe will go this year. I'm hoping the word from one World expert, Beddows, is correct. I have been told he says there fe is approaching equilibrium demand/supply. With some small miners under care and maintenance, shut down, or bankrupt;BHP/Vale's Brazil problems; China's loss making mines shut down but with a somewhat diminished demand, equilibrium could be around the corner meaning a possible rise back to $80/t this year?
We'll see.
