PT,
Forget the cost of what you do with the filter cake.
Much the same as every other steel maker does with fines.
Reality $au70 a ton to your door (actually less if you look deeper and deduct pelleting costs) -no freight to add to that and other companies paying $us140 to $us170 a ton at the time plus freight and so on.
Now costing even less with upgrade $30m p/a savings = $15-$20 a ton further cost reduction.
Whyalla at 1.1Mt steel produced and 1.6MT ore feed and such a cost advantage should have had a $120m plus advantage over any other Australian Blast furnace.
On BSL 2.6Mt steel and 4Mt ore feed that is a $280m++ freight business cost variance.
DYOR + DYODD Who should have been making a killing making steel instead of dragging steel profits down?
It is as simple as that,ignoring the exchange rates,ignoring the 67%Fe grade of pellets making more steel for less coal used.
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