QR out..Annjoo in RED again.. I expect that it will be down in short term But increasing demand for steel will make this stock worth for long term. Will standby monday..to buy..
Local steel price tracks the global commodity price. Asian top steel counters like Posco, Tatasteel, Baoshan etc all are on uptrend. The world's largest iron ore company Vale is on rocket fuel. All thanks to China's 14th Five-Year Plan which focus on commodity reserve and post-covid recovery infrastructure spending to boost GDP growth.
International price still keep on going up. Yesterday AJ highest 1.16 and international iron ore price for yerterday is USD130. Today 132.50 but during consolidating AJ price has drop to 1.08. I think this is a very good entry point
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ChoCho
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Posted by ChoCho > 2020-11-27 16:10 | Report Abuse
agree. still alot potential upsides.