The ferrous complex short squeeze is flaming out.

Arch CCP groveller Twiggy Forrest was on the hustings yesterday. The Australian.
The next chapter in the Australia-China relationship will define our shared futures for the next century. It was significant that one of the defining moments of the Prime Minister’s visit was one I had not experienced on the more than 50 occasions I have been to China: the leaders of our respective countries, the leaders of Australia’s largest iron ore miners, and the leaders of China’s biggest steelmakers, together in one room.