i/o hits 10 year high amid rising steel demand - please read below article
https://www.mining.com/iron-ore-price-hit-10-year-high-on-rising-steel-demand/
imo, the world have a lot of infrastructure projects to catch-up on once covid is "under control" - which will require steel. I'm no expert but can anyone see i/o pricing plummeting? even with Brazil coming online, India, America, China will need steel.
I think this time is a lot different to 10 years ago
Iron ore price, page-30360
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