Oops:How to Shoot Oneself in the Foot.

It seems that spot prices for iron-ore will continue this year and beyond.

The CCP in their delusional, greedy, and bullying capacity have shot themselves in the foot. Baosteel claiming that steel prices set to rise by 30% this year.

BHP and Rio were 团团转ed in their efforts to seek a fair market price during negotiations last June. The Chinese seeking a hefty 'discount' on the price settled between the two companies and other leading consumers such as Japan and South Korea. 

A fair market price wasn't good enough for the CCP, and they promptly arrested Stern Hu, a Rio negotiator, for allegedly stealing state secrets thinking this would turn events in their favour.  

Now, I wonder how much China's steel mills would be paying for the red-dirt if the CCP had not of stuck their lengthy noses into the market place.

活该！