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The decline accelerates as the price of iron ore fell 7.2% on Tuesday, the biggest daily dive...

The decline accelerates as the price of iron ore fell 7.2% on Tuesday, the biggest daily dive Platts has ever reported. This "implies demand for steel in China is pretty bad and a lot of steel mills have to cut production so the whole economy is bad," says a commodity researcher. On the other hand, profit margins for steelmakers could now improve.
Comments (2)
  • dividend_growth
    , contributor
    Comments (2878) | Send Message
     
    It just means lots of fixed asset investments are on hold in China.
    26 Oct 2011, 09:14 AM Reply Like
  • Tschurin
    , contributor
    Comments (313) | Send Message
     
    Dear Ed:

     

    You wrote "On the other hand, profit margins for steelmakers could now improve." Unless you know something that the experts quoted in the story don't, you are probably wrong.
    26 Oct 2011, 09:19 AM Reply Like
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