The Chinese steel industry has accepted the 19 percent increase. BHP has confirmed it reached agreement with a number of Chinese customers in a statement to the London Stock Exchange.
A great outcome given the volatility experienced in other commodities. MGX has to be a takeover target for diversified miners particularly if 06/07 will achieve 3mt.
Interesting months ahead...
Cheers,
Robert
chinese steel industry confirms 19 per cent incr
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