Brazil is again ramping up their Iron Ore export. At this rate from August data they could hit over 400 MT for this FY. So an oversupply is the worst case scenario for IO. I hope this thesis doesn't start playing out.
This may not impact FMG significantly in terms of volumetric, but small players will have a tough time.
Iron ore price, page-36545
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Last
$18.75 |
Change
-0.240(1.26%) |
Mkt cap ! $57.73B | |||
| Open | High | Low | Value | Volume |
| $18.53 | $18.75 | $18.44 | $216.3M | 11.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1990 | $18.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.76 | 47022 | 3 |
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