[mamelukesabre]

It appears your info is incorrect.

http://en.wikipedia.org/wiki/Iron_ore

If iron ore is being shipped across the pacific from canada, then it is likely going to korea or japan. NOt china.

[Last Dakotan]

China needs the Canadian ore for metalurgical reasons. This source has China importing ore from Russia, Canada and the US.

http://www.comp.nus.edu.sg/~ipng/mecon/cases/BHP.pdf