Arrium headed for bankruptcy?, page-13

"But if we don't make our own steel it'll soon get very expensive to buy (you think China won't put the price up once we can't make it ourselves?)"
This just doesn't cut it.Australia is a minor user of steel on the world stage..point one.Steel has a world price with China being one of many producers trying to sell their products…..point two.
So you really think that the steel producing world are popping champagne corks because a trivial producer of steel in Australia may go out of business and that consequently these producers can charge whatever they like in this country?
Do you really think that car prices will rise when GMH and the rest of them leave Australia?
Time for a reality check!