Evergrande IMO is only actually effecting sentiment. The...

Evergrande IMO is only actually effecting sentiment. The majority of china IO and in turn steel is in their infrastructure builds (roads,bridges,rail,military, etc.) Evergrande is residential and apartments which isn't the big part but the news like the story. IF Evergrande collapse, it may mean that the CCP need to throw even RRmore money at their economy and stimulus through builds and construction. There are large games at play at the moment, but I am of the opinion that IO will be priced and in strong demand across the world for next while and this drop will be mearly a minor splash in the ocean.

IMHO DYO