02
Feb
10:57
Roy Hill costs put it in FMG's sights
Comments by South Korea’s Posco recently suggested that Roy Hill needed an iron ore price in the low $40s in order to break even. That puts it above FMG for now but does which of the two will prove more successful in the longer term is a very close call, Kallanish notes.
Posco’s comments suggested an iron ore price around $42/tonne cfr China was necessary but it added that breakeven would fall into the $30s once production levels ramped up. That may …
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Anonymous
Very good overview of the weekly steel market.
Anonymous