FMG fortescue ltd

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$15.46

FMG and billions spent on the green bubble - who is WesTig, page-1003

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Michaelirish

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13/04/25

10:30

Post #: 78669106
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Originally posted by Goodheart: ↑

Following the collapse of a building in Bangkok during the recent earthquake, investigations into the steel used in the construction have led to Thailand putting a ban on steel produced by induction furnaces.

Induction furnaces typically use scrap steel, pig iron and sponge iron as feedstock . . . such as produced by the direct reduction of iron process . . . such as Christmas Creek is planned to produce
Although the process of producing steel in an induction furnaces is regarded as relatively low emission, the process is inhibited by major difficulties in the quality control of the steel produced.

Sponge iron is also a popular feed in an EAF, for which the utilization rate in China is quite low.

Induction furnaces are popular in China (although I cannot have a figure on what proportion of steel is produced in induction furnaces in China . . . 35% of steel produced in India in 2024 was from induction furnaces.

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The Draft Dodger caves again.
US President Donald Trump's administration has exempted smartphones, computers and some other electronic devices from "reciprocal" tariffs, including the 125% levies imposed on Chinese imports.
FMG can expect some clean air

FMG Price at posting: $15.07 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $15.46		Change 0.530(3.55%)		Mkt cap ! $47.60B

Open	High	Low	Value	Volume
$15.25	$15.54	$15.15	$141.6M	9.188M

Buyers (Bids)

No.	Vol.	Price($)
1	200	$15.44

Sellers (Offers)

Price($)	Vol.	No.
$15.46	10590	5

View Market Depth

No.	Vol.	Price($)
1	18	15.420
2	1065	15.380
2	9200	15.370
1	5200	15.360
2	1184	15.350

Price($)	Vol.	No.
15.460	10251	3
15.480	4000	3
15.500	5592	9
15.510	4140	3
15.520	1	1

Last trade - 16.21pm 27/06/2025 (20 minute delay)

FMG (ASX) Chart

FMG and billions spent on the green bubble - who is WesTig, page-1003

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FMG and billions spent on the green bubble - who is WesTig, page-1003

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