CKA
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0.00% 7.8¢ cokal limited

Are they really reducing steel production? They have increased...

  1. ShareJagger
    12,172 Posts.
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    07/09/21
    13:14
    Post #: 55890833
    Are they really reducing steel production? They have increased iron ore imports? Very strange!
    Anyway, there is a certain amount of steel required in the World. This amount is increasing. Steel production outside of China has increased 14%. It will increase further if China reduces. Coking coal required for all non green steel. Coking coal worldwide is a dwindling resource.
    Nobody knows what market will do but I am happy being in coking coal and and to lesser extent iron ore.
    CKA Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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