In a few occasions, hearing that the hematite by-product provides good cash flow to ATI. There was calculation based on ATI's Q3 report that the IO fines were sold at a price US45/ton. If it is true, it is sceptical, because ATI using post handymax, the freight rate is about mid US20s, and there are also other cost i.e. the haulage cost from mine site to port, charges by port etc. I am wondering what is the real cost for this by-product, how the sales of IO fines credit ATI?
The same question, if the DSO lumps delivered successfully, what is the value?
ATI Price at posting:
20.0¢ Sentiment: None Disclosure: Held
