Iron Ore: What Recession?Iron ore prices have been green in 18 of the last 23 trading sessions. It's pretty extraordinary to see prices run so hot amid downbeat data from China:
DYOR
Steel production in October hit a 5-year low
Iron ore prices have pushed steel margins to near all-time low (i.e. steel mills are not incentivised to produce more)
China house prices fell the most in eight years in October
China housing starts are sitting around 15 year lows
Price of Iron Ore, page-1575
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Last
37.0¢ |
Change
0.010(2.78%) |
Mkt cap ! $257.0M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.8¢ | 36.0¢ | $952.0K | 2.582M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 74237 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 336700 | 3 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FEX (ASX) Chart |