Surfie,
Agree but I reckon there is something fishy going on. I have through work dealings with steel with not only buying but manufacturing. If China is so full of the stuff and other reports have suggested big stockpiles of steel in China, then why does it still take 16 weeks for any delivery of steel. (because they are busy I get told)
Last point, why has steel just gone up another 18% for some product if there is such oversupply. Wouldn't it be cheaper because I know the huge increases in the past have been linked to greater demand. Well thats the excuse that has been given before.
Fishy indeed.
Surfie,Agree but I reckon there is something fishy going on. I...
-
- There are more pages in this discussion • 22 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 MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
42.0¢ |
Change
0.010(2.44%) |
Mkt cap ! $510.2M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 42.0¢ | 40.5¢ | $1.108M | 2.659M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4572 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 179187 | 6 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| MGX (ASX) Chart |