tag:blogger.com,1999:blog-1141932539860553199.post7754941390045805775..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Iron ore: Another classic example of cartel behaviourMark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1141932539860553199.post-21345805958478137012015-03-02T18:22:48.926+00:002015-03-02T18:22:48.926+00:00TW, I was talking to a real world steel trader imp...TW, I was talking to a real world steel trader importer exporter and he told me about this and said it deliberate cartel squeeze behaviour. <br /><br />I mean, hooray for improvements in technology and lower prices, but it's all a bit of a sudden and to the great advantage of the Big Three.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-28095682500095874102015-03-02T10:45:42.484+00:002015-03-02T10:45:42.484+00:00Not entirely. The mines that will be closing are m...Not entirely. The mines that will be closing are mostly the higher cost and *older* mines. The ones that will survive are the newer and larger scale mines. So it's more technological development than cartel behaviour (and the cartel, which there used to be in Pacific iron ore, hsa largely been broken in favour of spot contracts).Tim Worstallhttps://www.blogger.com/profile/13161727860817121071noreply@blogger.com