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The end of the iron surge, or just the eye of the storm?

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If a cyclone blows through the Pilbara and no-one is there to see it, does it really disrupt iron ore markets? That's the question mining investors have been left to ponder after a set of March quarter reports that provided surprisingly different accounts of tropical cyclone Stan. According to major miners BHP Billiton and Rio Tinto, Stan caused disruption across the mine and rail networks of the Pilbara in January. Sequentially lower iron exports in the March quarter from both companies were the result of Stan's rampage. Advertisement But according to middleweights such as Fortescue Metals Group and Roy Hill, Stan sounded like little more than a strong sea breeze. Both miners reported no...

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