AGO 0.00% 4.5¢ atlas iron limited

Iron ore price, page-8804

  1. 3,060 Posts.
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    I’m not sure what this comment means? Are you suggesting Aussie iron ore miners will benefit from Australia’s exemption from the 25% steel tariffs?

    Most of the Aussie miners iron ore, including atlas goes to China to be processed into steel. There is some that goes to BSL and the old Arrium/OneSteel who would fall under the Australian steel banner but I don’t think that AGO are a supplier to BSL? I fail to see how Aussie fe miners benefit from this?

    I don’t know who is supplying the US steel mills with their iron ore but I would have though Vale in Brazil would be in a better location geographically to supply than the oz miners.
 
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