Monday, October 27, 2014 6:03:01 PM
on this board some were bandying about as low as 155/ton but cwrn said it was MORE than that and the spot- even allowing for a 10 or more discount would back that up
38524 times 155/ton would be $5,971,220
..what was sold was low grade ore, so discount 10 dollars or more per ton. No steel company buys direct, just thru their own trading company so discount a few dollars and nobody pays spot price.
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