FMG ...for the 2nd half of 2023 received 89% of the value of 62% fines for their lower grade 58% IO. However 18 months earlier only got 70% of the value of 62% IO. At the moment steelmakers are paying good money for lower grade and high grade IO not receiving much of a premium.
Sinosteel will have first dibs on W11 ore,perhaps it will be blended with the 50% of Iron Ridge they take.
The half yearly is due about now.
Research Coverage Initiated - MST Access, page-88
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