According to these figures below steel is up 48% and iron ore up...

According to these figures below steel is up 48% and iron ore up 67% the last 12 months, tariffs implemented on imported steel by the Federal Government in April were around 30%. At the same time Arrium's cost were reducing across both their steel and mining operations although something appears amiss with the debt blow out(around $600m) the first three months of 2016 up to administration in early April.

Keep in mind they were promoting NTA of $0.20 cents a share on February 17 at the AGM while drawing down massive amounts of debt and only a few days prior to announcing the GSO recap deal where the lenders were expected to take a 50% write off on monies owed, not sure if that breaches some sort of corporations law but not a good look for Roberts or Bakewell. Hope Brickwork's shareholders are keeping a close eye on their balance sheet.

Hopefully former CFO Bakewell and former CEO Roberts can explain that massive debt blow out along with UBS in an inquiry down the track, ASIC seem to think everything is kosher at this point while taking it easy waiting for the KM report in the new year,

http://www.tradingeconomics.com/commodity/steel