Broken record Tinny, how many times does it have to be said
Phase one ore is not steel grade
Steel demand is high
Phase one ore is sponge iron grade
Sponge iron demand is not high enough
If someone like BMM Ispat can't operate at these margins on sponge iron, no one smaller will likely be able to either
Phase two ore is high steel grade ore and the demand for it is extremely high domestically
Surprised you have been so quiet lately, figured you would be trying to poke holes in their steel plant announcement or them being on time for Phase Two
Running low on negative sentiment?
Red dust to riches - NSL in enviable position, page-142
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