GWR
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1.15% 8.8¢ gwr group limited

time for action!!!, page-15

  1. idea
    86 Posts.
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    09/06/11
    10:59
    Post #: 8518481
    In a briefing note today Merrill's upped the IO price materially. Long term price $90 ton up 20%. Short term IO price targets are 2012- $170, 2013- $160, 2014- $140 2015- $100, 2016- $95 2017 $90...the reason, the "big supply expectations" just won't come in on time.

    Global steel demand in 2010 was 1,400 mt and Merrill's forecasts 1,700 mt in 2013, iron ore supply just isn't there to meet demand, and bringing new iron ore supply on line is getting tougher and tougher.
    GWR Price at posting: 59.6¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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