Its not the Chinese directly affecting the Australian IO price now its the US.
Trump just signed a deal to seriously limit steel imports into the US.
He is going to ramp up US steel making so as to have their own Steel makers supplying all US needs for steel.
Given there is a glut of steel in China and now the US will cut back on Chinese steel imports IO may stay under pressure for some time to come. China will more than likely reduce its IO imports.
It is the US price of steel that has risen but that will all be going to US projects.
Iron ore price, page-919
-
- There are more pages in this discussion • 54,819 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
$19.41 |
Change
0.420(2.21%) |
Mkt cap ! $59.76B | |||
| Open | High | Low | Value | Volume |
| $19.19 | $19.55 | $19.10 | $98.59M | 5.097M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 32185 | $19.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.43 | 946 | 2 |
View Market Depth
| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |