At the conference “Commodities: Ending the Super Cycle” on 27^th March, 2015, Wu, head of Baosteel Research Institute of Economy & Management, predicts that iron ore prices will be going down. He points out that there has been a great investment in iron ore in the year of 2010, 2011 and 2012 which will lead to oversupply and thus causing price drop in the near future.