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
30.5¢ |
Change
-0.010(3.17%) |
Mkt cap ! $211.8M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.0¢ | 30.5¢ | $32.24K | 104.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 24389 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 30806 | 2 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
30.5¢ |
Change
-0.010 ( 0.97 %) |
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| Open | High | Low | Volume | ||
| 30.5¢ | 31.0¢ | 30.5¢ | 106078 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| FEX (ASX) Chart |