Agree Olleydog those steel mills are exerting significant influence and pricing power despite supply chain issues and uncertainties around Vale shipment next 12 months. Masters of influencing & controlling input price / volumes so not surprised at latest market news and GRR's Q2 management plans..
Jiangsu Shagang Group may have effectively completed about 50% of its GRR annual 1m mt offtake volume in the Q1 shipments (say 480,000 mt of pellet into China in Q1). IMO to fulfill its annual off-take GRR may only have to supply 520,000 mt of high quality 65% FE pellet (2HY2019 - being Q3 & Q4 shipments) to Shagang. I remain optimistic that BlueScope (Port Kembla) will commit to a long term off-take contract of pellet from GRR effective 1st July 2019. Also securing some Korean steel mill customers should be GRR management focus.
Agree Olleydog those steel mills are exerting significant...
-
- There are more pages in this discussion • 201 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GRR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
25.0¢ |
Change
0.005(2.04%) |
Mkt cap ! $289.3M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 24.5¢ | $340.7K | 1.376M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 225779 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 84794 | 3 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| GRR (ASX) Chart |