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4.5¢ atlas iron limited

IO set for big rise again on Qingdao, page-6

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Richie2013

4,028 Posts.

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10/01/17

17:18

Post #: 21799520
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Originally posted by Whatsamadoovie ↑

Hey foghorn,

Playing devils advocate, but doesn't reduced steel production mean less ore used, creating a glut... steel prices heading up is a good thing for us, but not if they don't want the tonnes and that forces the price down.. we are hedged it seems with future sales spoken for, but what will that look like for sentiment..

Gltah, happy to be in.. so much potential..

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I believe if they cut Steel Production, the price of Steel goes up, this bring the price of Iron Ore up as well.

AGO Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
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