Pyrpolizer wrote: Arrium generates approximately 14,000 jobs through its activities, employs nearly 7,000 people
directly, and spends nearly $4b in goods, services and taxes each year. We produce
approximately 44 per cent of the total amount of crude steel made in Australia each year, with a
total steelmaking capacity of 2.6 million tonnes per annum (MTPA).Are you illiterate, stupid, sick lier, what??
We have already been through this with DT, stupid.
Australua produces 50% of Iron Ore output. So I’m not entirely wrong am I when out of the total steel production globally, 50% is made from Australian Ore. So Australia provides the raw material doesn’t it?
Plus we do produce refined steel in Australia. We have massive steel factories in WA, and NSW. We choose not to make as much anymore because it’s cheaper to buy it from overseas. Our production cost is high.
Now imagine if Australia stops doing that. Stops supplying the Iron Ore. it can do that if it wants to. And we won’t starve either.
Well global steel production cones to a stand still does it not? Unless of course Russia and Brazil can pick up the slack which they won’t be able to. Steel prices will sky rocket will they not? Must do as the supply is no longer there, demand stays same, prices will double over night. Make sense to you?
Then what happens? Well the EU car manufacturers and economy will probable become dust!
In other words sunshine, Australia IS to the steel industry what Saudi Arabia is to Oil. We are the king pins! So stuck that up your arse!
That’s what makes us strong and able to hold our own with Chy-na. They have never been brave enough to embargo our Iron Ore. never because they would be on their knees and your IPhones will go up by 1000%. Your Mercedes and BMWs will go up and if Australia keeps it up, probably bankrupt too with hundreds of thousands losing their jobs.