We've already had this discussion over and over, so now it's like a dog chasing its tail.
Who's destroying IO industry, Australian economy and our wealth?
Chinese Steel Mills are over supplied due to BHP and RIO's strategy of flooding the market and lowering their cost production. This in turn is affecting Australia's revenue forecasts, however to say that it's destroying the economy is a bit dramatic. As far as your wealth, I feel for anyone that has/is losing money. Unfortunately that's the risk you take trading on the stock market.
Why are they doing this bad action?
To make money and squeeze out competitors.
If big guys bully small guys, government and small guys should do some actions against bullying.
Like what? As I've said before, it's a free market. Do you want Capitalism or Communism?
Why they do nothing?
See answer above.
We've already had this discussion over and over, so now it's...
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