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could fe prices go up 90%?, page-2

  1. AnDy62
    3,359 Posts.
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    13/02/10
    17:43
    Post #: 6327408
    If Vale-BHP-Rio combine as mentioned as a strong possibility in the article, I'd think they virtually would have steel makers at their mercy in terms of pricing methods. If spot prices became the norm, iron co's would be massively rerated, particularly juniors (e.g. BRM, FRS etc) which have large leverage to prices!
    BRM Price at posting: $2.96 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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