FMG 3.19% $17.81 fortescue ltd

Iron ore price, page-37436

  1. 1,251 Posts.
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    You know I had to go back and read some of my comments from last year to see if I was saying what you've put in my mouth, I even said that BHP would be a stock to buy if you were going to get back into the market. No wonder you've got smug as your avatar. Anyway I think you need to look at what is happening now with the iron ore price, Chinese real estate accounts for around 18% of global steel demand and it will effect the iron ore price. As for Qantas they are a full service airline that relies on business travellers, and they've also increased their debt by billions. The question is do the business travellers return or will a lot of them keep having zoom meetings? Yes they will get a bounce from tourism starting up again but it won't last and I don't think they will return to their pre-pandemic business.
 
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