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MrGold

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MrGold

Re: None

Friday, 08/23/2019 2:22:59 PM

Friday, August 23, 2019 2:22:59 PM

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When we were first contacted by this iron buyer in January/February, iron was trading about $70 a ton. Now it's at $92 today. Hardly a dire situation. Maybe it drops below the point where we can't sell it above cost, but we are a long way from that point, and even if it should happen, it would just mean a suspension of deliveries. They deal with the contingencies in the contract up front so neither party gets hurt.

It really comes down to our cost structure, which no one except management knows at this point.
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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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