China over capacity issues steel production.
1. world recession
2 Illegal steel production
3 slowing world economy
4. Reduction in government infrastructure investment.
5. Slowing Chinese economy.
https://www.reuters.com/article/us-china-steel-idUSKBN1WB113
Over supply resources iron ore.
Brazil ramping up production
Decreased demand from excess steel capacity.
Iron ore should fall to around $50 by end of Jan this will take BHP share price back to August and October 2016 of around $25 share.
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$39.90 |
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Mkt cap ! $202.7B | |||
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