Australia's largest stock trading and investment forum Australia's #1 stock forum

MGT

Click for more information

0.00%

28.5¢ magnetite mines limited.

Thanks MrStrengths, great info. Surely investors can see the...

First 259 Last

Share
Profile

Follow
Martyac

202 Posts.

360

07/02/22

21:42

Post #: 59416961
Share

Originally posted by MrStrengths: ↑

https://www.metal bulletin.com/Article/5083630/Latest-news/Traditional-blast-furnace-based-steelmakers-need-to-adapt-to-remain-relevant-Gunung-Capital.html
(Remove space^)

"Traditional blast furnace-based steelmakers will need to adapt quickly to the burgeoning decarbonization movement in Asia to remain relevant, Gunung Capital managing partner Kelvin Fu told Fastmarkets in an interview.

Fu believes that the fastest way to reduce emissions levels for most steel mills is to convert from traditional blast furnaces (BFs) to electric-arc furnaces (EAFs) in order work toward decarbonization in the steel industry. The costs to steel mills for such a conversion, however, will be high, and that will prove to be a major obstacle for most steelmakers in completely making the switch to EAFs. Achieving the full switch to EAFs by 2030 is not entirely possible for Chinese mills, Fu said. Steelmakers with traditional BFs, however, can still play a role, he said. They should adapt by using high-grade iron ore..."

(either way, it's us/)

Expand

Thanks MrStrengths, great info. Surely investors can see the future of steel manufacturing....

MGT Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

RHI

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

KGL

KGL sniffs 19% Cu from drilling at Rockface play in NT

Climate change to drive market trends to the moon

TVN

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

There are more pages in this discussion • 148 more messages in this thread...

First 259 Last

Add MGT (ASX) to my watchlist

(20min delay)
Last 28.5¢		Change 0.000(0.00%)		Mkt cap ! $27.56M

Open	High	Low	Value	Volume
28.5¢	28.5¢	28.0¢	$18.67K	65.82K

Buyers (Bids)

No.	Vol.	Price($)
5	34776	28.0¢

Sellers (Offers)

Price($)	Vol.	No.
28.5¢	30306	1

View Market Depth

No.	Vol.	Price($)
5	34776	0.280
4	20436	0.275
2	4500	0.270
5	48005	0.265
5	212760	0.260

Price($)	Vol.	No.
0.285	30306	1
0.290	2423	1
0.295	2900	1
0.300	9768	4
0.310	17511	2

Last trade - 15.37pm 05/07/2024 (20 minute delay)

MGT (ASX) Chart