Lower demand for steel plus indications that there will be serious shortages of high enough grades to use for DRI I think will lead to a further decoupling of high grade vs low grade prices. IMO the outlook for prices for MGT'S product is solid, and we are in a better position than just going off the 58% or 62% price would suggest. No one is going to be getting 68%+ ore for $80 a ton.
MGT Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
