From reports of BHP, FMG,
Iron miners dig out more Fe to keep revenues as iron ore price is low.
Then iron ore became glut---->the price dropped more -------->more production--- .............
................
The bad cycle has not finished yet IMO.
(I am holding short position)
Bad cycle
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$21.41 |
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Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
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| No. | Vol. | Price($) |
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| 1 | 93 | $21.40 |
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| Price($) | Vol. | No. |
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