talbot retreats to the chateau, page-11

ijh

2007 World steel production 599.4 Mton

China 149.6
Japan 80.3
Russia 55.2
europe 54.3
india 42.8
South America 28.4
USA 21.2
Korea 30.1
AM 117

China 25%
China + Japan + Korea 40%
Europe 9%
India 7%
Russia 9%

IF SDL solely going to selling IO to Europe and may be INDIA we are talking about 16% or world production and there is no guarantee these producers are buying SDL IO

whereas China + Japan + Korea produce 40% of the world steel. China 25% alone

You see where my concerns cripping in?

it's all about bargainning power.

Altough it good to hear CHINA gave i to AUstralia demands.. but still don't know how that will effect South Africa Ore