FMG 1.47% $17.99 fortescue ltd

Meanwhile, Metalbulletin last night more or less confirms the...

  1. 505 Posts.
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    Meanwhile, Metalbulletin last night more or less confirms the recent buying on the seaborne spot market has been traders who are now fretting about more steel production cuts by the big steel millsband that physical transactions are drying up. Looks like IO price trend in the short term will be directionless at either side of $155.

    Again, the proof in the pudding is in sustained strong physical seaborne market orders for ore shipped out from the Pilbara.
 
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