Trump Tariffs hit Chinese steel, page-36

IMHO Chinese steel production will take a hit / reduction. How big that reduction will be is speculative. We can look at the (Chinese) SSE Index which is into a major bear market. Has dropped in half over the last 36 months. So I would not place much faith in the rosy stats that are issued by the Chinese Government, which runs a socialist Central Command economy.

The US economy is booming, and is running in the opposite direction (strongly up). US GDP is about twice the size of China and growing.

The SSE is telling you that they are having lots of economic problems. On top of this, Trump is slowly strangling Chinese exports into the US. This will take several years to play-out.

U are assuming that the next 5 years will be like the last five years. So are the ladies that run FMG. IMHO they have not studied Trump economics, and will pay dearly for this error.

FMG share price is currently testing support below $4.50. There have been five bear market raids below this price over the last four months, and a host of technical signals are signaling a continuation of these bearish raids.