Anyway to respond to your inference. I think one of FMG or Vale is going to go to the wall as this all unfolds. I'm not sure the bed will be big enough for the big 4 and propped up Chinese IO production with steel production predicted to steadily decline from here.
Capital preservation is key, always remember that.
A.
Iron Ore Price, page-1600
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
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| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
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