Shorty, shorty, shorty! What you are missing is the tariffs, (higher prices) rising demand (across the board, especially autos) and short interest. ANALysts are way too bearish e.g goldman's call for $35 ore in December and short interest is at a record high. There is NO WAY ore hits anything near $35 by q1 17 and it will more likely be north of $60 IMO. GL when all the steels triple from here IMO. BTW MORE TARRIFFS ON THE WAY!