Ha! Dave, the iron price HAS corrected! What don't people understnd about a targetted 8% GDP growth rate in China? Thats equivalent to China growing by 96 million people per year! 15M people per year are being urbanised. Thats a lot of roads, rail, housing, cars, tvs,......... BHP came out with a forecast of global steel production DOUBLING by 2025. In China alone, they concluded that steel production will double to 1,000Mtpa. There will be an iron correction - upwards more likely than not. We are still truly in the iron age!
MFE Price at posting:
19.2¢ Sentiment: Hold Disclosure: Held
