You are a bit of a dreamer with all due respect, do you know how...

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    You are a bit of a dreamer with all due respect, do you know how much Australian iron ore increased when China started buying it in the early years of this century.
    Iron ore was barely getting $20 a ton and Chinese buying pushed the price to $160 a ton.
    China has made many Australians wealthy and employed many people extracting the ore.
    If BlueScope steel saw an opportunity to increase steel production in Australia don't you think the very intelligent people running the Australian steel industry would act on it?
    China produces over 800 million tons of steel a year.
    Australia produces around 5 million tons.
    I am sure if the market was there Australia would produce more.
    I worked 25 years with BlueScope.
    I have some idea of challenges in the steel industry.
 
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