Iron ore price for March 20, 2018:
Tianjin benchmark fell 55 cents to $66.80. Paper rebounded overnight. Steel bottomed. Coking coal is doing better.
There really is no way to go but down for steel and iron ore given inventories and weakening demand growth. Coking coal is the one last hope for the ferrous complex. So long as it is so elevated, lower grade iron ore will be under pressure.