I think china will at least maintain current demand level for another 10 years. One road one belt, Xiong An new zone (china new city in between TianJin and Beijing) will support massive steel demands in years to come.
Recent up and down on iron ore, despite supply and demand, has something to do with china banking new regulations. They are building up their inventory to record level until tightening on fund.
Is india net importer or exporter? Modi next step, after currency ban and tax reform, should be boosting on infrastructure spending.
I think china will at least maintain current demand level for...
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30.5¢ |
Change
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Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.5¢ | 29.5¢ | $42.02K | 139.7K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 104867 | 30.0¢ |
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| Price($) | Vol. | No. |
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| 30.5¢ | 355340 | 6 |
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| MGX (ASX) Chart |
