China has reacted to gouging by the Brazilians by diverting...

China has reacted to gouging by the Brazilians by diverting ships to Australia for iron ore its closer and cheaper to haul from. Their steel mills are very busy, with the larger ones running at 100% reportedly.
Proof? Go and have a look at the line of ships waiting to lead coking coal off Newcastle. They go over the horizon. China is increasing production, not cutting it. It is still growing at 7% pa. Skip all the emotions, look at the facts.