I saw on Hotcopper today that Chinese Rebar Futures have increased 40% over the past 6 months. So since April 7th, that combined with tariffs put in place of between 30% and 50% Steel must be making a killing in the 6 months period up to 31/12/2016.
Makes me think that once Molycop gets sold off, a DOCA for the rest of Arrium will take place instead of a selloff - unless someone offers a very high price for Arrium Australia.
Hold onto your hats shareholders - it has been one hell of a ride but we may just get back to trading by early next year as Arrium (minus Molycop)
ARI Price at posting:
2.2¢ Sentiment: None Disclosure: Held