Iron ore up 3% to 98.4. also, something I wasn't aware of.https://www.fastmarkets.com/insights/chinas-new-rebar-standards-may-deal-another-blow-to-domestic-steelmakers/
china has mandated new rebar standards. These are to be implemented by September 25. They announced this in June 25. It resulted in a flooding or the steel market, as steel makers attempted to offload their existing rebar before the standard cut off. It seems likely that this contributed to a lowering of the steel price. Steel makers will now be looking to increase their stockpiles of rebar which meets the new standards.... What are the implications of steelmakers suddenly needing to restock on rebar as the old rebar no longer meets safety standards?? Let's let the market decide that.
MIN $10 Share Price, page-19
-
- There are more pages in this discussion • 281 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 MIN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$52.04 |
Change
2.900(5.90%) |
Mkt cap ! $10.22B | |||
| Open | High | Low | Value | Volume |
| $51.05 | $53.25 | $49.90 | $197.3M | 3.826M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $52.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $52.04 | 3493 | 1 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| MIN (ASX) Chart |