MGX 2.30% 44.5¢ mount gibson iron limited

merrills rates it a takeover target, page-6

  1. 176 Posts.
    Surfie,

    Agree but I reckon there is something fishy going on. I have through work dealings with steel with not only buying but manufacturing. If China is so full of the stuff and other reports have suggested big stockpiles of steel in China, then why does it still take 16 weeks for any delivery of steel. (because they are busy I get told)

    Last point, why has steel just gone up another 18% for some product if there is such oversupply. Wouldn't it be cheaper because I know the huge increases in the past have been linked to greater demand. Well thats the excuse that has been given before.

    Fishy indeed.
 
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