Agreed HRC prices are getting "toppy" and is reflective of 2008 Pre-GFC, so all in the sector have a long memory and cautious approach. That said supply chain disruption including cost of shipping is putting further pressure on prices, this has some way to run for a correction...but it will correct but i don't see it in 2021.
Agreed governments need to step in re Liberty/Infrabuild, margins are strong in that sector due to long funnel of construction/infrastructure build..many years worth. The "quick deal" done with Gupta last time was in the lead up to an election, this time not so, for a start they may well agree now to splitting it up as opposed to ensuring Whyalla remains as part of the sale. Perhaps Mr Forrest needs to get his hands on it.....
Agreed HRC prices are getting "toppy" and is reflective of 2008...
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Last
$21.77 |
Change
-0.435(1.96%) |
Mkt cap ! $9.529B | |||
| Open | High | Low | Value | Volume |
| $22.01 | $22.11 | $21.59 | $22.12M | 1.011M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 356 | $21.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.77 | 634 | 14 |
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| Last trade - 14.23pm 01/10/2024 (20 minute delay) ? |
| BSL (ASX) Chart |