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Recovery in steel margins

  1. bjhice
    143 Posts.
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    15/02/16
    08:02
    Post #: 17018329
    in today's smh regarding bluescope's profit upgrade on Friday:
    http://m.smh.com.au/business/mining...-profit-forecast-to-230m-20160211-gms53n.html

    Citing stronger demand for Steel on the East Coast as well as a recovery in steel margins. Also mentions globally the steel industry is at the bottom of the cycle.

    I guess Bluescope's news was the driver behind Arrium's price rise on Monday. Now we just need some actual real information from Management in Wednesday's results announcement!
    ARI Price at posting: 5.4¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 11  Upvote
    lightbulb Created with Sketch.  Great analysis
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