Lekki...What? Red comes in bottles?!? I think I'll just join you...

Lekki...

What? Red comes in bottles?!? I think I'll just join you and Seik over an ale.

I'll take a stab that the world steel output will be 625Mt +/-3% for the 6 months ending Dec.

And your figure??

How that impacts on APG is another issue. I don't think the price of iron ore will be the big driver for the uptake of EARS. More likely environmental pressure and hydrochloric acid pricing. Assuming the current negotiating party to be OneSteel, I think it is telling that the one player in Newcastle is interested in the plant that happens to be on their doorstep. If it such a no-brainer for OS, the hitrate for other customers looks promising, GFC or no GFC.

If OS is actively considering the deal in the midst of this downturn, it must be reasonably attractive to them.