how low is low

http://www.livemint.com/Money/OL0XjsRxicdSfqJZn7MeEK/Iron-ore-prices-in-free-fall-again.html

Selling lows to service debt ?

The notion of all-time lows loses its meaning in the case of iron ore, as new lows are recorded every week. Dismal steel market conditions and rising iron ore availability are combining to send its prices lower. Iron ore delivered to the Qingdao Port in China was quoted at $42.97 a tonne on Monday, the lowest it has traded since May 2008, going below the lows reached in July 2015. By Wednesday, this had slipped to $41.1 a tonne.

Even in these weak conditions, new capacity is entering the market—Australia’s Roy Hill project is set to ship its first consignment, a project that will add 55 million tonnes once fully operational in two years, according to Financial Times.