Some more of the same:
"The high price of coke also indirectly affects the demand for different iron ore grades. Coke now makes up around 40% of a steel mill’s costs compared to a typical range of 20-25%. To reduce the consumption of coke in blast furnaces, the demand for high grade iron ore has increased significantly because every 1% increase in iron ore grade reduces coke required by 2%. Hence, since the introduction of supply side reforms, the prices for different iron ore grades has diverged significantly. High grade iron ore (65% Fe content) trades at a significant premium to the benchmark medium grade iron ore (62% Fe content) while low grade iron ore (58% Fe content) trades at a significant discount."
For the full article: https://www.livewiremarkets.com/wires/the-phantom-resource-bear-market-of-2018-2018-10-09
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Last
30.0¢ |
Change
-0.030(9.09%) |
Mkt cap ! $208.3M |
Open | High | Low | Value | Volume |
32.5¢ | 32.5¢ | 29.5¢ | $2.152M | 6.988M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 49996 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.5¢ | 219913 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 49996 | 0.300 |
9 | 316321 | 0.295 |
12 | 171247 | 0.290 |
5 | 274168 | 0.285 |
8 | 243407 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.305 | 219913 | 4 |
0.310 | 38622 | 1 |
0.315 | 367955 | 4 |
0.320 | 333857 | 6 |
0.325 | 207000 | 2 |
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