I think it will stay around the $18 mark but the next day ex date day it might fall below $17.
I still think by years end it will be over $25 a share.
Go look at things a year ago and the IO price was below $90US/T.
The currency back then was like it is now at about $0.68 as well.
Got to remember come September 25 they are re stocking everything due to new regulations so dumping the old steel
for the new IO shipments.
All I see happening is IO prices going up faster than usual come after September 25.
Some might be re stocking now too.
Iron ore price, page-54342
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