weak china steel demand will continue! , page-37

i agree joe their will never be a fast rise back to 150/t

or in fact a slow rise to that level.

But expect a rise to about 115 to 120 if there is a spike. and settle back to about 105 to 110 for the rest of this year. after that its to hard to work out. to many factors yet to pan out.
still feel long term a good average will keep most miners going ok, esp the big 4.

it will be a a game of high volume and lower ore price still thing work out.

there will be some mines close down esp in china. India is a wild card still with a lot expansion to take place. so the lower demand by china may be picked up with other emerging economies.

there are many places in the world that need cities housing and infrastructure. its not over by a long shot.

trading will follow each bit of news as we have seen in the last few months. you cant say its not interesting\. hahaha