RE:RE:PYR CEO Answer to VALE & KOBE Steel/Midrex News *repostUnless they produce sponge iron straight from iron ore lump / fines.
Nevertheless, the iron ore pellet market is expected to grow substantially in the coming years.
Aarman4 wrote: Obvious Aarman4 says: Let's see what happens when I play with highlighters.....
There is absolutely nothing to be concerned about. The Kobe Steel/Vale/Mitsui venture is downstream from us. They are trying to improve/replace the blast furnace process to make steel from the pellets we provide. You see, we concentrate the iron ore at the source and the resultant pellets are then feed into the blast furnace downstream.
I'm not pulling words from his mouth, just playing with highlighters and what not.
Cheers!