TMT
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0.00% 26.0¢ technology metals australia limited

Just a side comment.If 90% of V production is in steel. The...

  1. Troydt
    3,924 Posts.
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    08/02/19
    12:25
    Post #: 37375582
    Just a side comment.

    If 90% of V production is in steel. The aussie IO plays should be a good indicator for steel consumption in the market. Go and have a look at the FMG chart for the last month.

    Based on previous it has gone from a long term down trend to the moon since Sept 2018. $4.50 to over $6.00 straight up.

    https://hotcopper.com.au/data/attachments/1432/1432359-b891eccfd996977d5bb6383c4795b320.jpg
    TMT Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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