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
37.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $260.4M |
Open | High | Low | Value | Volume |
38.0¢ | 38.5¢ | 37.0¢ | $815.0K | 2.148M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 172148 | 37.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.5¢ | 151682 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 170392 | 0.370 |
8 | 210169 | 0.365 |
15 | 364771 | 0.360 |
6 | 96665 | 0.355 |
25 | 266207 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.375 | 151682 | 8 |
0.380 | 137735 | 7 |
0.385 | 272563 | 7 |
0.390 | 281098 | 13 |
0.395 | 81875 | 4 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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