I believe Fortescue Iron Ore reserves are poorer quality and sells at a discount to the BHP product, so I doubt BHP would be interested. If Iron Ore goes back down to $US80/t Fortescue are going to be in real trouble due to the discount however I doubt that Iron Ore would go down to the $US80/t for an extended period. While there is speculation that going forward China is not going to support their building industry, they will be forced to keep the Steel industry ticking over, due to the huge steel capacity they have built up over the last 20years and the millions of jobs that rely on that industry.
I believe Fortescue Iron Ore reserves are poorer quality and...
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Last
$42.41 |
Change
0.030(0.07%) |
Mkt cap ! $215.0B | |||
| Open | High | Low | Value | Volume |
| $42.50 | $42.65 | $42.22 | $486.6M | 11.45M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 12579 | $42.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.45 | 1000 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$42.40 |
Change
0.030 ( 0.01 %) |
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| Open | High | Low | Volume | ||
| $42.64 | $42.65 | $42.22 | 1987414 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| BHP (ASX) Chart |