Lets revisit this at xmas.
Right now Chinese port stocks are being replenished and the CCP hasnt enforced steel production cuts as yet.
Steel profit margins are tight though and I don't believe the current spike up from US$100/t will last.
Fundamentals dont support IO price staying up here.
Lets revisit this at xmas.Right now Chinese port stocks are...
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Last
3.1¢ |
Change
-0.001(3.13%) |
Mkt cap ! $28.49M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.2¢ | 3.0¢ | $296.0K | 9.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1552901 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 48634 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
3.2¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 3.1¢ | 3.2¢ | 3.1¢ | 2220517 | ||
| Last updated 15.50pm 03/05/2024 ? | |||||
| HIO (ASX) Chart |