Hi Westcott,
This "China world bank" does seem to be going ahead! American allies all jumped straight in! lol
I read an article 6 months back where some bloke thought that the iron ore demand will never match the boom we've had over the last few years..
I doubt the author considered the demand that would be generated by the Chinese world bank!!
They are offering Billions of dollars worth of infrastructure to all countries that sign up.
I've been reading your posts and I'm of the same mind that they may just build a steel mill in Africa as you've suggested.
There will be entire cities built and plenty of them.. 5 mega cities a year world wide for 20 years. Why ship it when the labour is so cheap? It makes good sense.
IO is cheap today sure, but an increase in demand coupled with a tightening of the flow is going to create the perfect storm IMO.
It's the main reason I became interested in SDL again.
I enjoy your posts mate!
I also enjoy the information that flows on from others because of them. I'm glad you've got the time and thick skin.
Stoody
- Forums
- ASX - By Stock
- SDL
- Iron majors may tap 'unprecedented' pricing power to stem rout
Iron majors may tap 'unprecedented' pricing power to stem rout, page-16
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)