We have already had expressions of interest for 1.7mtpa for Kangwane output, which substantially exceeds the planned salable production of 1.2mtpa.
Granted, they are only EOIs, and not binding, but would seem to suggest there is a ready market for the product, and contradict what the Singaporean trader reportedly said.
The Brazilian steel sector has been suggested as a target market for Kangwane product, but don't know if this is where the EOIs originated. Low sulphur and phos suggest Kangwane would be good blending material.
HWK Price at posting:
8.8¢ Sentiment: Buy Disclosure: Held