But, over the past few days a string of gloomy steel production and iron ore price forecasts has trimmed the share prices of all iron ore miners with the potential for worse to come if the price projections are accurate.
The conventional wisdom on industrial metals like steel and iron is that companies operating in this space will see share price appreciation to the extent that China keeps booming.
Ukrainian Kostyantin Zhevago needed to sell his 21% stake in iron ore producer Ferrexpo after JPMorgan Chase canceled an existing loan when Ferrexpo's share price plummeted.