BHP mulls suicide as iron ore crumbles
The freight-adjusted iron ore price is still at about $90. Chinese port stocks are still easing. Expect a big turn up into year-end. Chinese steel output remains absolutely shocking. But it can’t draw down steel inventory. Nor is there much hope in profit margins. Stimmies suck. The cost curve shakeout has started. Led by Chinese The post BHP mulls suicide as iron ore crumbles appeared first on…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
