Photographer: Simon Dawson/Bloomberg

Biggest U.S. Iron Ore Producer Says Rio, BHP in 'Imaginary World'

  • Biggest Australia miners won't change behavior, Goncalves says
  • `Prices below $50 are not comfortable to anyone,' CEO says

The biggest iron ore producer in the U.S. says its larger rivals in Australia are hurting themselves as well as their competitors as they ramp-up production in an oversupplied market.

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