Yes 2020 imports are lower as covid restrictions in some countries have reduced steel production and therefore reduced the availability of deep sea steel trade. This should lead to BSL being able to sell more domestically which is usually good for them and aligned to their published strategy. This reduction of international trade availability is the major reason for the current steel price spike. Anyone betting on steel prices remaining high should be aware that steel production will come back on line(very quickly if prices keep rising) and as soon as that production exceeds demand, prices will be pulled back down again. I'm not sure when that will happen but it will happen. Hopefully not until at least 2022
I certainly don't believe the reduced imports into Australia will be permanent and once global production returns so will the imports. IMO
Yes 2020 imports are lower as covid restrictions in some...
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BSL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$20.32 |
Change
0.400(2.01%) |
Mkt cap ! $8.942B | |||
| Open | High | Low | Value | Volume |
| $19.92 | $20.32 | $19.61 | $40.11M | 1.987M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $20.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.32 | 1903 | 2 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| BSL (ASX) Chart |