FMG 2.19% $22.59 fortescue ltd

Iron ore price, page-35162

  1. 918 Posts.
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    i/o price clinging to green.

    If the U.S is going to spend $1T on infrastructure, how much steel (i/o) will they need, I hate to think and if China doesn't want to produce, can the EU, Japan and the U.S increase production?

    IMO, it will come to a point where demand will outstrip supply and China will need to open up there furnaces, cross fingers.

    https://hotcopper.com.au/data/attachments/3458/3458121-b10f89002d343b795fbb97dfd2821eb3.jpg
 
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