Does anyone have data for IO inventory at steel mills?
The looming problem here doesn't seem to be the IO price as such (yet) but the ever-increasing stockpiles at a time of year when stockpiles should be under a bit of pressure.
In raising this, I note the correlation between stockpiles and price appears to be quite speculative at best (sometimes moving in opposite directions, sometimes not) and thus the question about inventory actually at steel mills... is this a situation of steel mills operating on really low inventory and needing to restock at some point or is the entire supply chain flooded with inventory?
Iron ore price, page-53084
-
- There are more pages in this discussion • 6 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 FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$21.59 |
Change
-0.030(0.14%) |
Mkt cap ! $65.98B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.61 | $21.25 | $75.66M | 3.529M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1518 | $23.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.08 | 13814 | 2 |
View Market Depth
| Last trade - 15.59pm 22/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |