At least some of the money flowing out of financial sector should find it's way here & it seems inevitable that steel producers of all nationality will seek to hedge the escallating price of iron ore by taking positions in their suppliers. Then there are the hedge funds who will smell a chance in that situation too.
A revisit to highs must be a strong possibility
At least some of the money flowing out of financial sector...
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Last
$42.63 |
Change
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Mkt cap ! $216.3B | |||
| Open | High | Low | Value | Volume |
| $42.79 | $42.94 | $42.39 | $185.4M | 4.347M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 458 | $42.59 |
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| Price($) | Vol. | No. |
|---|---|---|
| $42.63 | 2184 | 1 |
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