| According to the analyst at USB, Daniel Morgan, the big fishes are trying to oversupply the market that the price of iron ore can further decline down to as low as possible. And they have a tendency to fill up the market as soon as the supply a tiny bit, so as to preserve the present structure of the market.
Followed by all this decline in price and oversupply, the Premier of Western Australia, stated that, it is to be noted that the both companies, Rio Tinto as well as BHP Billiton are working together to decline the price of iron ore by glutting the market with over supply...............................................Full Article: Source
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