About A.C.N 004 410 833 Ltd Company

A.C.N 004 410 833 Ltd is a tiny global steelmaker and a modest iron ore miner, producing about 1% of seaborne traded volumes. Low barriers to entry and low shipping rates mean the traditional steel manufacturing, recycling and distribution businesses are highly competitive. Arrium added mining consumables exposure and iron ore resources through acquisitions in 2010 and 2011. Short mine life and lower-than-industry-average margins make the competitive position in iron ore weak. Mining consumables appear more stable but are yet to be tested by a contraction.