article - the australian, page-3

  1. 6,748 Posts.
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    Nice story only worry is if the market decides to do a double dip are the steel producers going to walk away from offtake agreements again as they did here and with MGX before.
    Seems signed agreements arent really set in stone unless the sun is shining brightly.
    That unfortunately is the nature of the game these days luckily there is more competition now from competing steelmakers from China and India to get a source of FE away from the RIO and BHP duopoly.
    Or a we heading for a triopoly (is that a word?) merging the biggest mid tier producers ie AGO FMG MGX MMX which can rival the big 2.
    Some sort of rationalisation of the industry is coming for sure.
 
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