To me you have undermined the whole preface of your post. That they believe (know) they can get cheap 62 per cent fine iron ores at a very good price from (sic) the import market.
Atlas don't have 62 product. They don't have 62 Resource. They don't have effective upgrade infrastructure. So you paint a picture of a market glut stretching for eons, and the buyer able to pick the eyes out of cargoes to obtain low price for premium product Atlas is not even capable of supplying.
In this market the companies offerings are not directly interchangeable, and no inference for possible price rebalance accommodates that Atlas product is in the supply side equation. So they will buy cheap 62, and use savings offset to maintain small cargo fluidity and social payments in the form continued local supply and use.
AGO Price at posting:
1.6¢ Sentiment: Sell Disclosure: Not Held
