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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Mkt cap ! $201.7M |
Open | High | Low | Value | Volume |
27.5¢ | 28.5¢ | 27.3¢ | $342.6K | 1.221M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 212408 | 27.5¢ |
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Price($) | Vol. | No. |
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28.0¢ | 18176 | 2 |
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No. | Vol. | Price($) |
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2 | 14545 | 0.275 |
9 | 397937 | 0.270 |
6 | 394513 | 0.265 |
9 | 575847 | 0.260 |
6 | 245000 | 0.255 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 18176 | 2 |
0.285 | 84000 | 2 |
0.290 | 688694 | 8 |
0.295 | 59491 | 3 |
0.300 | 260258 | 8 |
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