FMG 1.86% $19.54 fortescue ltd

They spending a billion to make it work so even at $400US/T they...

  1. 4,007 Posts.
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    They spending a billion to make it work so even at $400US/T they losing money.
    Companies buy the cheapest steel they can get. They don't buy the most expensive steel they can get because it pushes
    costs up to high. This is why I think its doomed.


 
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