The real problem today was an over-reaction of the market, because the journalists have not been able to transport the whole content of Ashby's message!!!


And that's what he really said - Ian Ashby:


„The really high double-digit numbers of the last seven or eight years…clearly, we don’t have those anymore,"

"So you are getting into steel growth that is less than pure GDP growth."

"But the thing for us is that the size of the steel pie has gotten so big, which translates into the iron ore demand, and there is still plenty of opportunity to grow in that."



I'm sorry, but I cann't give you a link. But I'm sure it will be easy to find one, with google and copy-paste ;-)