Based on today's announcement about pollution and steel mill closures, as well as the article I posted about the difference in the IO price from domestic IO to seaborne IO, many more mines will close in China, reducing the oversupply somewhat.
if many more mines will close in China thats good news for the seaborne IO price
and less steel mills helps steel prices move up . which feeds inflation and GDP...just what they need.
Ann: Fortescue announces multi-billion dollar refinancing, page-59
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$21.62 |
Change
-0.420(1.91%) |
Mkt cap ! $66.56B | |||
| Open | High | Low | Value | Volume |
| $21.61 | $21.78 | $21.48 | $190.2M | 8.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 15504 | $21.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.62 | 6560 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |