I think spread between the HRC price and the major costs being Iron Ore and Coke are the drivers of the current fall. Steel prices are at the lower end of the last 5 years levels (uncertainty about Chinese construction sector), while Iron Ore is at $US120/t meaning it costs $US195 just for the Iron Ore to make a tonne of Steel. BSL strategy and structure is still to make a profit through these trying times which I believe it still is doing. Good for buybacks at these prices however not so good for people like me who was planning to sell down my holding.
I think spread between the HRC price and the major costs being...
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Last
$22.43 |
Change
0.150(0.67%) |
Mkt cap ! $9.922B | |||
| Open | High | Low | Value | Volume |
| $22.38 | $22.55 | $22.26 | $13.31M | 593.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1338 | $22.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.45 | 500 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$22.40 |
Change
0.150 ( 0.63 %) |
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| Open | High | Low | Volume | ||
| $22.44 | $22.54 | $22.27 | 160566 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| BSL (ASX) Chart |