You are asking a short who doesn‘t do much research and expect to get answers? Good luck with that.
1. Could be anything, depend on the DEMAND, but I can tell you, DEMNAD IS BACK, you will see IO port inventory decrease over next 2 months minimum.
2. Current full capacity is around 150MT, but can be added if Chinese wants to add more capacity, hopefully they won‘t need it.
3. 90% Profitable if IO is US$60? Don‘t forget there are different grades for different prices, not EVERY producer is getting US$88/dmt now, if 62% IO is US$60, 58%P could be US$54/dmt and sub 58% could be US$48/dmt, still profitable? I don‘t think so if add ALL IN COST. A lot Chinese IO producer will start losing money at US$80, if demand remain strong and steel prices remain high, can‘t see IO falling in near future.
DYOR.
Frank.
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