Iron ore is a bubble set to burst, Chinese steel firm warns

                                                    

The iron-ore market is a bubble on the verge of bursting as supply increases, said Xu Lejiang, chairman of Baosteel Group, China's second-biggest steel producer. "There is a bubble in this market; many are gambling," he said. It's only a matter of time before the price of iron ore falls, Xu said. Full story here