High Hopes for HIsmelt..., page-35

I tend to agree, i've been following matmor and coldry for a longtime. I think the advantages for the Indians in ECT Tech is the relatively lower capital costs and their domestic availability of low grade coal (however China DOES have same) and their shortage of metallurgical coal (distinct to China in this regard), But getting back to your point, the economies of scale for Hismelt rules out a lot of potential. Maybe only a market size like China can make HISMELT work. Whereas India and virtually every other economy in the world have alot of smaller steel making mills around the country and to mobilise an investment like RIO and the CHINESE have done , i dont think is feasible at all in India. The Indian would like and be hoping for MATMOR to work as it has lower capital entry requirement and can be scaled down. And to those out there that are asking why ECT Board cant do what RIO has done..is nonsensical. Rio has strong and long tentacles in China and you are comparing a Global Giant in the industry to a few men and women who have a dream.