Author: Paul Ploumis
15 Oct 2014 Last updated at 05:40:29 GMT
CANBERRA (Scrap Monster): Today, which is noted to be the Premier’s second out lash against the two giants in the iron ore industry in the same month, asked the two firms stop oversupply in the market, which may rise a chance to pull up the lagging price of iron ore.
In the Parliament, he stated that, he finds it highly un-digesting that, both the companies, who are found to be rivals acting in a highly similar way. He stated that he finds it highly unusual, and he also added that, the both companies are forces which could be stated as the regulators of the iron ore industry.
He added that, if he was to be one of the board members of any of these two companies, then he would have been very7 much nervous and tensed about the actions that, World Trade Organization and also the European Traders will do about the actions which are being taken by these two companies. He also added that these companies are moving on to an uncertain area.
He reminded the Parliament about an incident that took place in the year 2009, when the European regulators took actions against both the companies when they tried merge up iron ore production in the Pilbara.