Strong demand for steel world wide, steel makers reporting record profits, record dividend payments by IO miners, stabilizing IO prices putting pressure on new IO ventures, AUS$ around US$0.73, IO supply just below world demand, import tariffs on Chinese steel around the world eliminating illegal dumping of steel by China as per 2014/15.
Can't see too many negatives for the large IO producers at this stage, if their AISC stay under $US50 then all of them just money printing machines the next few years. Their returns without any capital gain or revenue diversity(copper, lithium, hydrogen) much greater than bank interest, major world event aside mostly positive in my opinion.
DYOR
Iron ore price, page-35113
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