From Marneth on IFE/SDL threads...
Regarding IO prices.
Steel Business Briefing, Friday, 5 Nov 10
58% Fe iron ore price rises sharply, 62% Fe also higher: TSI- Iron ore prices may reach $200/t, says Metalloinvest - Deutsche Bank: physical iron ore well-supported in near term[Corporate & Industry]- Report: 'mega deals' to thrive in coming M&A activity
The latest daily iron ore reference prices released by The Steel Index (TSI) yesterday, Thursday, show that the prices for both 62% and 58% Fe content iron ore have moved higher during the past week, with the lower grade 58% material showing the bigger gain. Both prices have shown even larger increases since four weeks ago. The reference price for 58% Fe content iron ore fines stood at $125.20/dry metric tonne CFR Tianjin port, China. This is a $7.60/dmt, or 6.5%, increase on the previous weeks price
Can't post a link as the site is subscription only but I did sign up for a free 3 week trial. Future earnings for IFE looking better all the time.
cheap cheap, said the parrot?, page-2
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