Just read the report about the China Steel market on the weekend, prices rise for all Steel products were "very impressive" it says. UP ranging from 50 to 150 yuan for Steel Rebar across ALL the steel markets. Basically saying at the end: "$3500 yuan will be the NORM price not in too distance future".
Gotta be good news for IO and FMG.
DYOR.
Frank.
Iron Ore Price, page-14258
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Last
$19.55 |
Change
0.050(0.26%) |
Mkt cap ! $60.19B | |||
| Open | High | Low | Value | Volume |
| $19.98 | $20.30 | $19.51 | $184.3M | 9.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2568 | $19.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.56 | 44282 | 3 |
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| FMG (ASX) Chart |