China’s $23 Billion Steel Push Seen Igniting Iron Ore – Bloomberg 06-06-12

Salient to Investors:

Bloomberg analyst poll expects iron ore to rise to $152 a metric ton before year end on increased Chinese demand.

Predictions:

Korean analyst says commodity prices are close to a bottom and set to rebound on speculation China will stimulate its economy.

Chinese analyst says Guangdong province needs more than 50 million tons of steel products a year.

Read the full article at http://www.bloomberg.com/news/2012-06-06/china-23-billion-steel-push-seen-igniting-iron-ore-commodities.html

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