FMG 1.93% $22.21 fortescue ltd

Iron ore price, page-39615

  1. 17,473 Posts.
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    I’m watching iron ore players with interest only atm .
    Obviously the iron price has fallen to more “normal” levels and I would think FMG ( Rio/ BHP) still making a quid as they have for years :
    I just feel atm iron hasn’t based out . Evergrande and other Chinese property developers who seemed to build ( and use steel) just for the sake of building are looking very shaky. It seems they are pulling some apartment blocks down now - scrap steel may be useful

    FMGs commitment to green energy commendable but will be costly

    At some stage I may buy some but will wait
 
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