The demand from China for steel obviously matters but China export steel to the world so its really the recovery and stimulus around the world that will drive steel and hence iron ore prices. In fact, the worse China does the more reliant they become in their exporting industries which will have a self correcting stabiliser against restrictions in iron ore. People that bang on over and over again that China are fmg’s only consumer miss the fact that the end consumer is the world. Anywho that’s might take. Now back to the game…
not investment advice. Do your own research, etc etc.,,
Iron ore price, page-38786
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