Roger Montgomery

The widely observed slow down in China’s property and infrastructure sectors has meant that the 839 million tonnes of steel being produced in China annually is not being absorbed by the construction industry. In fact residential property construction (which demands the highest proportion of steel), commercial and industrial have all... Show More

Tim Hannon

Aurizon is Australia’s largest rail freight company, transporting general freight, iron ore and coal. The Company has been an excellent performer since listing, with the management team delivering successfully on a productivity improvement program that has seen major margin improvement. AZJ remains a moderate consensus buy call, with the market... Show More

The iron ore spot price is at $47.08 and three in every four tonnes of iron ore produced globally is now at / near loss making. In today’s AFR the front page headline reads “Iron ore price war rocks Atlas” and through our morning meeting we discussed which high cost... Show More