shipping sharks...haven't heard that term in awhile...just like ...what was that term again...oh ya, over the rail or was it under the rail or in between the rail?
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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