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If the business as a whole suddenly starts to come out of the...

  1. 4,094 Posts.
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    If the business as a whole suddenly starts to come out of the ruck it will come out of administration. MolyCorp is the main profit centre and that will sharply Improve now penalty duties have been imposed in a very tough way to Chinese cheat producers. This is the other thread. This will make a big difference to MC bottom line and therefore Arrium. Korda Mentha are competent and responsible. Watch this space. With improved steel and iron ore prices the books are as we speak looking a lot better. Don't lose hope-youre not done yet, the wind has changed. Penalty duties are being imposed in a very savage way by the US on Chinese steel producers who break agreement and rules deliberately encouraged by their government. It is nothing less than war by economic means. Fire is now being returned. SS Arrium is listing but may well make port. Another thing is that their iron ore contracted shipping agreements expire in September and then they can take advantage of massively lower freight rates in the bulk market for ore, on the spot market. The exporter pays the freight. The bulker market has literally collapsed to record lows. Arrium is still stuck with uncompetitive prices till September. They signed this agreement when prices were falling. Not clever.
 
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(20min delay)
Last
3.7¢
Change
0.000(0.00%)
Mkt cap ! $28.96M
Open High Low Value Volume
3.7¢ 3.7¢ 3.7¢ $17.93K 486.5K

Buyers (Bids)

No. Vol. Price($)
5 718388 3.6¢
 

Sellers (Offers)

Price($) Vol. No.
3.7¢ 1596 1
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Last trade - 15.12pm 14/07/2025 (20 minute delay) ?
ARI (ASX) Chart
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