"Then the chinese started making it and selling it here at half the price ! BHP closed it down for business reasons, after losing money for years. That is where the steel industry has gone."
Where do you think China gets its iron ore from? Why did the steel making become unprofitable? Lack of investment for decades, that's why. It was a commercial decision where the long term plan was to allow the industry to fall into disrepair.
BHP does not own the iron ore. They are given the right to mine it. Basically they should be told to build steel making in the Pilbara or lose their right to mine.
But Australian politicians are too busy sucking up to multi nationals to give a damn about the future of our country.
Batteries, page-14
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