Historically speaking, TTY have never been able to achieve even close the top spot prices that have been on offer, and reported in the news. I for one like them being in a fully sold position, but would like to see a more reflective sale price to current spot prices. Last quarterly stated only towards the end of it that they started achieving reflective prices.
I know that there has to be a discount to the spot price given it is not at the top end spec, but I would think they deserve better prices than what has been achieved in the past.
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iron ore spot price to go to us$200/ton, page-9
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