28
May
04:38
Fenix tops up hedge book
Australian iron ore producer Fenix Resources has secured new iron ore hedging contracts for a total of 210,000 tonnes of iron ore between July 2024 and December 2024 at an average price of AUD 170/tonne ($113/t), Kallanish notes.
The firm says in a statement that these new contracts add to the company’s existing iron ore hedge book which now comprises a total of 310,000 tonnes at an average price of AUD 170.23/t.
Fenix says the firm has taken advantag…
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Very good overview of the weekly steel market.
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