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
30.5¢ |
Change
-0.015(4.69%) |
Mkt cap ! $219.7M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.5¢ | 30.0¢ | $274.8K | 894.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 292300 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 2267 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| FEX (ASX) Chart |