With all the threads lately about the falling price of steel, I just found a news story of particular interest to us all. PBS TV broadcasts a NHK World news here on weekdays. It is a Tokyo based news, and a friend in Japan has told me NHK is one of their most trusted news sources there. I couldn't find the story on their website, maybe it just hasn't posted there yet.
Todays news has a story on the slow demand for iron ore, and shows mountains of ore (tens of millions of tons) being stockpiled at the docks, waiting for manufacturers orders to arrive, which will only happen when the economy begins to improve, and they begin once again to sell their products, which could very possibly be awhile.
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