Wednesday, August 9, 2017

Iron and Steel could be a buy

"You had a bear market in Iron and the Steel market. But now, base metals across the board have turned to the better. I think that's from the better economic environment in the US and overseas in China.

I think you have to be impressed that Steel and Iron prices have been doing as well as they are. I would suspect that any sort of weakness, one should be a buyer. I think the trend in Steel, Iron Ore, and even shipping values are for the better."