Warning: The following chart is not pretty.
Source: Google Finance. Click to open large chart.
BC Iron Limited (ASX: BCI), Atlas Iron Limited (ASX: AGO), Arrium Limited (ASX: ARI), Mount Gibson Iron Limited (ASX: MGX) and Fortescue Metals Group Limited (ASX: FMG) have all been hammered as the iron ore price crashed through US$70 per tonne. The juniors (excluding Fortescue) have all lost more than 76% in the past 12 months.
But there may be some surprisingly positive news about to come through. Bloomberg is reporting that iron ore stockpiles at Chinese ports are at the lowest levels since February 2014 and below 100 million tonnes. That could see demand increase, and potentially, a rise in the spot iron ore price, which could provide some support to the iron ore miners.