There are articles around that talk about the Chinese steel companies profits being squeezed and they are going to use cheaper lower grade iron to compensate. Looks good for FMG
Iron ore price, page-13314
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$17.50 |
Change
0.840(5.04%) |
Mkt cap ! $53.88B | |||
| Open | High | Low | Value | Volume |
| $16.89 | $17.74 | $16.84 | $346.2M | 19.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5870 | $17.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.50 | 12148 | 3 |
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| FMG (ASX) Chart |