America and Australia don't make steel, as they're use to in the past, they don't have that capacity and also cost prohibitive to them.
They buy steel from the Chinese for buildings and infrastructures, good for AGO indirectly. Chinese sell steel to the world, for a very competitive and hard to compete against prices. The quality is as good as, if not better than. Infractures around the world is being upgraded right now, so there will be greater demands for steel in the approaching years and beyond. Chinese steel makers always has large orders on their books. That's why Australia is always going to keep producing IO like never before.
DYOR ... I just like what AGO is doing right now. Looking for greater thing to come.
- Forums
- ASX - By Stock
- AGO
- Write up in the Australian
Write up in the Australian, page-67
-
- There are more pages in this discussion • 86 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online