@Kumar_manas : Sorry I have not done that calculation but would certainly like to have insight from you.
However, CFR Iron ore prices in China was trading below $100 in China 2 days back when compared to peak of $225 last year during same time. With the possible recessionary trend in Europe and lower growth rate in China the demand for Iron ore over its supply is thing to be monitored.
What impact would it have if Iron ore prices go around USD 75.
https://www.youtube.com/embed/O7k4k-Dy8x4
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