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Old 17-12-2020, 07:19 PM   #31
Mr_G6ET
Ford G6ET FG MkII
 
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Join Date: Jul 2020
Location: W.A Cap. Nth. Sub.
Posts: 485
Default Re: Ambitious China
Quote:
Originally Posted by MITCHAY View Post
The mining companies have the leverage here and would have no apetite to change the pricing model at the moment. Enjoy it while they can and there is potential to drive the price up further.

The downside is that assuming demand stays the same their steel exports price would go up but I don't know how exposed to that we are and if we have capacity to make more here.
Watching the ABC at the moment, analysts forecast the price to stay hig, Brazil for e.g cant take our place due to supply capacity and Covid

'medium to long term no change

Iron ore projects here in WA are progressing
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