I don't understand the logic of the long term affects of the steel production cuts and china putting tax on steel exports. Does that not mean that buyer will just look at buying from other markets? Steel production cuts should increase the price for steel in the medium term. Hence the price should steady out or even increase when buyers find new steel markets which don't have the export tax placed on them.
Price of Iron Ore, page-8
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Last
27.5¢ |
Change
0.010(3.77%) |
Mkt cap ! $185.5M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 27.5¢ | 25.5¢ | $1.608M | 6.018M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 101920 | 1 |
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| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| FEX (ASX) Chart |