Iron ore will continue to fluctuate and you would expect steel prices to punch significantly higher over coming months with china putting reductions in place over their winter months. Will be interesting to see what effect that has on iron ore prices ??? but you would expect higher grade to be in strong demand regardless.
Steel prices have started to rise already and it is only early days of chinese cut backs
Anything is possible on steel price ??? Iron ore $ 100 plus who knows
Dont be shocked with the possible upside of steel / iron ore !!!!!!!!!!
GBG Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held