Agree with much of your comments. But can add the following. Yes...

Agree with much of your comments. But can add the following. Yes international steel production reduced due to Covid. However Australia has the strongest anti-dumping levels in the world so supply is already restricted it takes a lot to have mills produce steel to Australian standards and 3rd party accreditation, so the COVID situation has played very little if any part, the challenge is shipping to have goods from international mills transported. BSL and Liberty/Infrabuild have grown their share over past years on the back of the dumping cases. They are now at or above capacity so cannot produce anymore than what they are now, imports are sought by the market to fill the gap so import will indeed rise in 2021 but not due to deliberate market share gain or price advantage but simply due to the overflow of domestic demand. Both domestic mills are supplying the market cheaper than imports right now, but the market is buying more expensive imports because they need the supply.
Agree re global capacity coming back on line, it does take time so i see IMO late 2021 to start of 2022 before we see any price softness