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
32.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $222.2M |
Open | High | Low | Value | Volume |
32.0¢ | 32.5¢ | 32.0¢ | $522.4K | 1.623M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 510894 | 32.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.5¢ | 45696 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 510894 | 0.320 |
5 | 182881 | 0.315 |
6 | 221803 | 0.310 |
6 | 191944 | 0.305 |
8 | 492000 | 0.300 |
Price($) | Vol. | No. |
---|---|---|
0.325 | 45696 | 2 |
0.330 | 149687 | 6 |
0.335 | 83921 | 3 |
0.340 | 422880 | 6 |
0.345 | 108819 | 3 |
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