E25 0.00% 20.5¢ element 25 limited

The benchmark Ore price is currently trading towards $8 dmtu...

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    The benchmark Ore price is currently trading towards $8 dmtu even with the current challenges faced in China with Covid related lockdowns in Shanghai and some of the Steel producing cities.
    The Baltic freight index continues to fall, now 2,031, down around 25.5% for the month. Oil price lower by more than 30% since the half yearly was issued.
    Surely an update on production volumes and outlook based on the ever improved macro environment would give sentiment here a significant rerate?!
    https://hotcopper.com.au/data/attachments/4256/4256879-45518ed084f8a8d1346c2d1309dbcbe8.jpg
 
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