FMG 0.45% $22.10 fortescue ltd

Hi All, One modification and one addition below. Steel...

  1. 5,726 Posts.
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    Hi All,

    One modification and one addition below.

    Steel inventories has been changed to Steel Inventories (Social/Trading) China &
    Additional data showing Rebar Inventories at Steel Mills (China). Rebar data taken from SMM and Steel inventories Social/Trading taken from Mysteel.

    Rebar is a good proxy for the strength of the steel market in China. This has fallen by 17% in the last couple of weeks to 2m at Steel Mills.

    Cheers

    ultimate iron ore steel.JPG
 
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