Can't say I know much about steel, but this stock building seems similar to what goes on in paper. Paper mills hate to stop the machine, it costs too much to do so, they have to keep it running 24 hours a day. When demand goes down, they just keep on producing for stock. When stock gets too high, they dump on the market, usually in another country from their own. They continue on and wait for the cycle to turn.
Has similarities to what BSL is doing. Question is, can they keep this up until the tide turns.
bad / good management, page-7
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Last
$20.60 |
Change
0.040(0.19%) |
Mkt cap ! $9.038B | |||
| Open | High | Low | Value | Volume |
| $20.55 | $20.79 | $20.42 | $19.04M | 923.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11042 | $20.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.62 | 37 | 1 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| BSL (ASX) Chart |