Originally Posted by
frantic
Pickles , your a numbers man so simply put the extra cost of buying local steel would be far far less than the loss of income tax from Whyalla Arrium employees alone.
Ean, one steel/ Arrium would be open still if all state govts bought Canada style ( nsw just bought several BILLION dollars of rail but not local).
Also my house , building at the moment is built with an Aussie steel frame and roof was same price as a timber competitors same size so false ean.
I'm sorry but if Arrium close where do you get rail and rope from of similar quality. We went down the accounts driven path of trying imported " same grade" rope years ago. That lasted a very short time as it was such bad quality that it threatened our lives and we insisted on going back to one steel rope.
You will also be in the situation of having only foreign suppliers so what you get is all you get at their price.
Yes they may have made a bad decision on assets purchases a few years ago but if they where based in India, South Africa, Canada , USA ,Brazil or Germany they would have their domestic market protections in place.