whither trf?, page-12

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I wouldn't worry about Goa Iron Ore, its very poor quality, and Goa can only export 20 million tonnes. It needs very large amounts coal, gas, electricity to be smelted with, unlike IFE/TRF's very high qaulity iron. IFE/TRF are in a large Iron Ore segment and have a premium product. China will be implementing large environmental laws in many of the prefectures, and many of these smaller type smelters could be going out of business soon. There is expected be a structural shift towards producers with high quality iron ore as small type low iron ore content producers, go out of business.