Its just the media hyping this narrative. The mills are passing the prices on to consumers, so they're making premium profits too.
There's really no incentive for China to spend billions funding mining operations elsewhere. Realistically it will be governments like the US looking at how it can source more affordable steel.
This is what happens when governments worldwide spend big on infrastructure.
Its just the media hyping this narrative. The mills are passing...
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Last
$17.75 |
Change
-0.200(1.11%) |
Mkt cap ! $54.65B | |||
| Open | High | Low | Value | Volume |
| $17.88 | $17.91 | $17.54 | $136.4M | 7.625M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $17.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.77 | 2500 | 1 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |