The Chinese steel industry has accepted the 19 percent increase. BHP has confirmed it reached agreement with a number of Chinese customers in a statement to the London Stock Exchange.
A great outcome given the volatility experienced in other commodities. MGX has to be a takeover target for diversified miners particularly if 06/07 will achieve 3mt.
Interesting months ahead...
Cheers,
Robert
The Chinese steel industry has accepted the 19 percent increase....
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Last
41.0¢ |
Change
-0.005(1.20%) |
Mkt cap ! $498.1M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 40.8¢ | $360.4K | 877.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 168024 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 80475 | 5 |
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| MGX (ASX) Chart |