FMG 5.04% $17.50 fortescue ltd

I would said "a lot". Remember price went up from US$150/t to...

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    lightbulb Created with Sketch. 998
    I would said "a lot". Remember price went up from US$150/t to US$300/t in matter of days and that is eating up a lot of Steel Mills' margins.

    But the price of coking coal still quite high ATM, hope Morgans are right, and hopefully we see coking coal prices come down soon.
 
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