Wouldn't worry about that personally. Many steel mills prefer certainty of price, they also have longer term commitments and can lock in forward prices as well.
Price of Iron Ore, page-127
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Last
39.0¢ |
Change
-0.010(2.50%) |
Mkt cap ! $270.9M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.0¢ | 38.0¢ | $442.6K | 1.132M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7792 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 408953 | 9 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |