3rd quarter production report due Wednesday, I'm expecting a further debt reduction announcement, small reduction in C1 costs and confirmation that production targets for this financial year are on track.
Iron ore will stabilise at these levels before moving higher, it just ran a little too quickly but demand remands very strong and port stocks continue to decrease not increase according to Platts. Chinese steel production in 1st quarter up 2% yoy and steel exports up 27% yoy according to CISA, so everything looks good from the demand side as steel inventories are also in decline.
3rd quarter production report due Wednesday, I'm expecting a...
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