High grade Fe will always be in demand, regardless of SPOT market prices,unlike FMG, RIO, BHP.
My understanding, is, (please correct me if I am wrong), that high grade Fe is for nice shiny fridges,
dishwashers, and alike, whereas, Fe 63 grade is smelted using lot's of fossil fuel, to make steel.
Obviously, the higher the grade, the less smelting involved, and more "green", like the Chinese
gives a flying pig fart about that. So much for communism sharing the wealth.
However, I digress, about the demand for high grade Fe. It will always be there, in all markets.
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Last
29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $359.4M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.0¢ | 29.0¢ | $332.0K | 1.101M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37786 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 12500 | 1 |
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| MGX (ASX) Chart |