FMG 1.86% $19.54 fortescue ltd

Iron ore price, page-7439

  1. 32,901 Posts.
    lightbulb Created with Sketch. 1517
    All comes down to steel prices, I saw a chart other day (should have posted it) steel mill profitability for 2011,2012,2013,2014,2015 were mainly losses to a tiny profit,2016,2017 profits start surging and 2018 the highest.

    Something needs to happen for steel profits to shrink, cant make a killing all the time.

    Just a matter of time.
 
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