ISCOR HITS YEAR HIGH

INTEGRATED metals and minerals group Iscor hit a year peak on the Johannesburg stock market on Thursday as foreigners continued to snap up the stock in anticipation of an upturn in the commodity cycle. By Thursday afternoon Iscor stock was up 15 cents at 180 cents on robust volumes of 5,1-million shares. Stockbroking firm Deutsche Morgan Grenfell this week upgraded its rating on Iscor to a buy from a sell on the basis of an improved outlook for the steel cycle.