Great points Johny, some might be wondering as to why we are...

Great points Johny, some might be wondering as to why we are discussing politics on a share trading site. The fact is that China is at war with Australia. Let's hope it just stays a trade and cyber war. As Tran points out above, there is no lack of demand for steel, China is overtly trying to kneecap Australia economically because we refuse to kowtow to it as the prime superpower, with IO now being the focus. On the face of it HIO is collateral damage however it may just turn out that it's the best thing that ever happened. Most other steel producers have higher environmental standards and will want HIO Supergrade as the west turns away from China as a reliable supplier in droves, and will never look back.

They are playing a risky game that costs nothing so far as the increased prices compensate for the artificially reduced production merely to spitefully in order to force IO prices down to get at us. They will surely blink as soon as it appears they will lose permanent market share as the trickle of bankruptcies now appearing in many sectors of their economy that the CCP is playing with because they think they know better than free enterprise, turns to a flood measured in trillions$. One way or the other it’s going to end badly, the forces being generated are too high to be contained for long and the CCP may soon be forced to realise they have been blowing smoke up their own backsides by biting the hands that feed them.