why arn't we reporting BHP + RIO to ACCC???????????????
For actively flooding the IO market with supply and Lowering the IO price from 150t to 80 ton ..under the cost of production for Everyone Else but Vale .. that's some Universal Damage of most competitors !!
who can claim a Class Action law suit against BHP RIO + VALE for damages to our Coy's business ?? can we the shareholders of those damaged Coy's ? I Hope so !
It's pretty clear cut - the following is from the ACCC website:
Impact of price fixing
When businesses get together to fix, control or maintain prices, it can affect consumers, as well as small businesses that rely on those suppliers for their livelihood.
Take freight for example. A lot of consumer goods are transported by freight. If the price of freight is artificially maintained or inflated by a cartel, it can affect the whole supply chain, and result in higher prices for all sorts of goods and services.
What is predatory pricing?
Predatory pricing is one way in which a business may misuse its market power.
Predatory pricing occurs when a company with substantial market power or share of a market sets its prices at a sufficiently low level with the purpose of:
This leaves the company with less competition so it can disregard market forces, raise prices and exploit consumers.
- eliminating or substantially damaging a competitor
- preventing the entry of a competitor into that or any other market
- deterring or preventing a competitor from engaging in competitive
hmmm ???
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report BHP + RIO to ACCC
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