From Fairfax, the falling iron ore price is all good:
Nor is it likely the move will spark a wholesale downgrading of mining and iron ore stocks, despite the uncertainties of Chinese steel demand and the forthcoming El Nino summer.
“This is the weakest periods for steel production in China,” said Mr Morgan. “Construction activity in China, which drives steel production, has been sluggish, weak and anaemic whereas in the last few weeks, supply has been reasonably stable.”
