This is the downside of the $50-$60 range where iron ore belongs in this stage of the cycle, it could continue to creep lower if companies start showing strong quarterly production figures this month, as expected. Morgans Financial analyst James Wilson More Quotes by Morgans Financial analyst James Wilson More Quotes From Morgans Financial analyst James Wilson BHP and Rio have been looking to raise volumes in this environment to maximise every tonne, with Vale's new ships plying the waters and the price where it is, it will be full-steam ahead over the next quarter, with more ore than ever coming out. Morgans Financial analyst James Wilson energy They are saying 'margins are down, so let's just push it out'. Morgans Financial analyst James Wilson energy
