Lost amongst all of this rhetoric is the simple fact the au$ has fallen considerably against not just the US$ which makes imports more expensive but the real boost comes from the appreciation of the NZ$ which may make much of the products exported from there that compete directly with their rod and flat products.
So how much does a 20% dollar advantage add to steel products in Australia priced on global steelprices.
On $2bn worth of ssales?
MBR ore at $42au x*76 to the US$ equals $32us plus $10us shipping equals $42us. cashflow break even at $47.72.
Quarterly will give us indication of how much the transition has cost so far.
Dyor+dyodd
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