Some more of the same:
"The high price of coke also indirectly affects the demand for different iron ore grades. Coke now makes up around 40% of a steel mill’s costs compared to a typical range of 20-25%. To reduce the consumption of coke in blast furnaces, the demand for high grade iron ore has increased significantly because every 1% increase in iron ore grade reduces coke required by 2%. Hence, since the introduction of supply side reforms, the prices for different iron ore grades has diverged significantly. High grade iron ore (65% Fe content) trades at a significant premium to the benchmark medium grade iron ore (62% Fe content) while low grade iron ore (58% Fe content) trades at a significant discount."
For the full article: https://www.livewiremarkets.com/wires/the-phantom-resource-bear-market-of-2018-2018-10-09
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Last
34.0¢ |
Change
0.005(1.49%) |
Mkt cap ! $236.1M |
Open | High | Low | Value | Volume |
33.5¢ | 34.0¢ | 33.0¢ | $739.0K | 2.190M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 54584 | 33.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 27277 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 54584 | 0.330 |
3 | 47076 | 0.325 |
5 | 244055 | 0.320 |
5 | 259862 | 0.315 |
9 | 607820 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 27277 | 1 |
0.345 | 254403 | 6 |
0.350 | 240504 | 14 |
0.355 | 227981 | 5 |
0.360 | 175437 | 9 |
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