Forget about the petrol price...

[greatwhite]

I believe that a large portion of the steel price increase is attributed to MASSIVE demand for structural steel for the new stadiums they're building. There's also a huge aluminium smelter being built @ Koega which needs a few pieces of steel to hold it up

Are you sure that anything is going to get built at Coega?  Been hearing that story since 1995.

 

 

Just went to check our share price and saw this:

http://www.fin24.com/articles/default/display_article.aspx?ArticleId=_2333482

 

So much for Coega.

 

international demand for steel is a big problem - the china men are you huge quantaties