OTCPK:VDMRF - Post by User
Comment by
Sciencegeek1on Jan 08, 2021 11:08am
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Post# 32253794
RE:$169.31/t fe USD
RE:$169.31/t fe USDWith the change in the Senate for the US, increased infrastructure spending is a very good bet for the US for the next two years. The same is true for other countries as they try to crawl out of this pandemic and the economic hit it has had by spending (borrowing) for infrastructure. Yeah, China is doing it, but that was the obvious one as they throw money at infrastructure as a reflex. Demand for steel is likely going to be sustained this year. We may very well see historic highs for iron in 2021.