| 25.11.2008 - Commodities fund Blackrock sees steel de-stocking |
| From Ninemsn.com.au: The world's steel makers are in a severe de-stocking phase, lowering demand for raw materials such as iron ore and coking coal, said Evy Hambro, manager of the world's largest commodities fund, the BlackRock World Mining Fund. Miners in turn are expected to continue cutting production to better match supply and demand, he said in a media teleconference..... Full Article: Source |