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11.0% 3.7¢ strike resources limited

"By MarketWatch BEIJING--Iron ore spot prices for China delivery...

  1. clark321
    448 Posts.
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    20/10/12
    22:00
    Post #: 10889216
    "By MarketWatch

    BEIJING--Iron ore spot prices for China delivery have surged nearly 30% since early September with mills replenishing stocks amid a tentative rebound in the steel sector, suggesting that a recent price decline may have bottomed out.

    China is the world's largest producer and consumer of steel and its appetite for iron ore sets the pace for the global steel industry.

    Prices for 63.5% iron ore fines delivered to Qingdao rose 29% from a multiyear low Sept. 7 to around $117 a metric ton Monday, data from The Steel Index showed."


    Hard to see D&C just walking away

    SRK Price at posting: 15.5¢ Sentiment: ST Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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