AGO
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0.00% 4.5¢ atlas iron limited

China $81 Billion Stimulus, page-6

  1. redrockgeo
    10,824 Posts.
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    18/09/14
    12:08
    Post #: 13993345
    Competition between India and China in steel production would reduce steel prices and hence iron ore prices. What you need to be looking for is steel production increasing at a faster rate than iron ore supply - at the moment the converse is true, and the market is in vast oversupply.
    AGO Price at posting: 57.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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