Business
Meet the real ASX winners from record high Chinese steel prices
Record high Chinese steel prices will put ASX iron ore producers in the spotlight on Monday, but there’s another group of ASX shares that could be the real winners.
While the futures market is pointing to a small drop in the S&P/ASX 200 Index (Index:^AXJO) investors will be eyeing the Fortescue Metals Group Limited (ASX: FMG) share price, Rio Tinto Limited (ASX: RIO) share price and BHP Group Ltd (ASX: BHP) share price to see how they react to the jump in the price of steel on Friday.
However, its the BlueScope Steel Limited (ASX: BSL) share price and Sims Ltd (ASX: SGM) share price that could benefit more. I’ll explain in a…
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