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Will BHP (ASX:BHP) shares be steeled by growing iron ore demand?

Mining, The Market Online Thematica
ASX:BHP
18 May 2020 07:50 (AEST)

Amid the coronavirus crisis, it’s been sink or swim for ASX-listed stocks. Big and small caps alike have endured a turbulent month, and many remain unsure of their next move in the seventh-ever bear market.

At the top end of town, however, BHP shares have risen in recent weeks. The mining giant has overcome a substantial slump and things are looking up as it shrugs off the shock to Asian markets.

However, there’s a lot of ground to cover. The coronavirus wiped roughly $15 from BHP’s share price. But is a fortnight in the green enough to indicate the iron ore magnate is on the road to recovery?

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