ijh2007 World steel production 599.4 MtonChina 149.6Japan...

ijh

2007 World steel production 599.4 Mton

China 149.6
Japan 80.3
Russia 55.2
europe 54.3
india 42.8
South America 28.4
USA 21.2
Korea 30.1
AM 117

China 25%
China + Japan + Korea 40%
Europe 9%
India 7%
Russia 9%

IF SDL solely going to selling IO to Europe and may be INDIA we are talking about 16% or world production and there is no guarantee these producers are buying SDL IO

whereas China + Japan + Korea produce 40% of the world steel. China 25% alone

You see where my concerns cripping in?

it's all about bargainning power.

Altough it good to hear CHINA gave i to AUstralia demands.. but still don't know how that will effect South Africa Ore