OST signed a 10 year agreement in April 2007 for sale of 40 million tonnes hematite lump and fines over a 10 year period to Rizhau Steel of China. This looks to be the future in the short term until steel sales become more profitable.
OST yield at 4.3% looks safe on iron ore sales and any definite leads to far better profits on the steel side would suddenly make OneSteel cheap.