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Posted by Peter Neill on June 24, 2008, 11:50 am
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Just heard that RT (Rio Tinto) have put the price of Iron Ore up by
85% today.
Reading the news items related to this, it seems that steel prices for
August delivery will now go up anywhere between 25% - 40%.
Could be a good time to get that project material ordered.
Peter
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Posted by Mark Rand on June 24, 2008, 1:42 pm
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wrote:
>
>Just heard that RT (Rio Tinto) have put the price of Iron Ore up by
>85% today.
>Reading the news items related to this, it seems that steel prices for
>August delivery will now go up anywhere between 25% - 40%.
>
>Could be a good time to get that project material ordered.
>
>Peter
Jesus H Blair, I'm already paying £2,300/tonne for lengths of EN24T :-|
Mark Rand
RTFM
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Posted by Tony Jeffree on June 24, 2008, 4:52 pm
Please log in for more thread options On Tue, 24 Jun 2008 18:42:10 +0100, Mark Rand
>Jesus H Blair, I'm already paying £2,300/tonne for lengths of EN24T :-|
Is that a metric tonne, a short tonne, or a long tonne?
Regards,
Tony
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Posted by on June 24, 2008, 5:15 pm
Please log in for more thread options > On Tue, 24 Jun 2008 18:42:10 +0100, Mark Rand
>
> >Jesus H Blair, I'm already paying =A32,300/tonne for lengths of EN24T :-=
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>
> Is that a metric tonne, a short tonne, or a long tonne?
>
> Regards,
> Tony
Nah Tony it's one of those "new EU measures" a bl****y expensive tonne
I saw an interesting bit on TV the other day about how China buys it's
copper oar these days - by the South American Mountain full - seems if
you buy a whole mountain worth you can still get copper for $400 a
ton?? economy of scale I guess
Any scraps of steel to spare gov?? A couple of Myfords and a
Bridgeport to support!
Impoverished (increasingly) of Wales
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Posted by Peter Neill on June 24, 2008, 5:31 pm
Please log in for more thread options On Tue, 24 Jun 2008 14:15:23 -0700 (PDT), jontom_1uk@hotmail.com
wrote:
>> On Tue, 24 Jun 2008 18:42:10 +0100, Mark Rand
>>
>> >Jesus H Blair, I'm already paying £2,300/tonne for lengths of EN24T :-|
>>
>> Is that a metric tonne, a short tonne, or a long tonne?
>>
>> Regards,
>> Tony
>
>
>Nah Tony it's one of those "new EU measures" a bl****y expensive tonne
>
>I saw an interesting bit on TV the other day about how China buys it's
>copper oar these days - by the South American Mountain full - seems if
>you buy a whole mountain worth you can still get copper for $400 a
>ton?? economy of scale I guess
>
>Any scraps of steel to spare gov?? A couple of Myfords and a
>Bridgeport to support!
>
>Impoverished (increasingly) of Wales
I watched that too.
They bought a 15,000ft high mountain in Peru which was almost all
copper ore, and they reckoned that it would be mined down to ground
level in 2 decades.
Even with building towns and shipping in Chinese workers they reckoned
that the cost would be $400/tonne as you said -against the current
market price of $8000/tonne.
Peter
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>Just heard that RT (Rio Tinto) have put the price of Iron Ore up by
>85% today.
>Reading the news items related to this, it seems that steel prices for
>August delivery will now go up anywhere between 25% - 40%.
>
>Could be a good time to get that project material ordered.
>
>Peter