You said it exactly: "there is any stopping of China expanding and increasing demand"
China's crude steel output may exceed 1bn t in 2020, reaching yet another record high on the back of stimulus-fuelled demand even as most other regions struggle with oversupply.
view: https://www.argusmedia.com/en/news/2043917-chinas-steel-output-may-top-1bn-t-in-2020?backToResults=true
There are some facts for stable iron ore prices in one of my earlier posts here,
please view this one:Post #: 41649847
Even though demand growth is expected to slow in 2020, but still remain positive.
For me, those news are good news, they will continue to support our share price in the foreseeable future.
Last but not least: I wish all of us more gifts in the new year of 2020, than you could ever carry on Christmas evening !
A very happy Year 2020 to you all .... all the best in health, wealth and happiness .... and a special thanks to all the lads and lasses who contribute so much to this board sharing with us their wealth of knowledge and in-depth research ...... Very much appreciated !!
You said it exactly: "there is any stopping of China expanding...
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Last
42.8¢ |
Change
-0.003(0.58%) |
Mkt cap ! $497.6M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.0¢ | 42.5¢ | $301.2K | 700.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 159051 | 42.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 133032 | 20 |
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| Last trade - 11.05am 09/05/2024 (20 minute delay) ? |
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Last
42.5¢ |
Change
-0.003 ( 1.25 %) |
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| Open | High | Low | Volume | ||
| 43.0¢ | 43.5¢ | 42.5¢ | 228217 | ||
| Last updated 11.30am 09/05/2024 ? | |||||
| GRR (ASX) Chart |