Nie Yun spoke casually, but as a business prodigy, Chu Xiaoxiao understood just how much weight his words carried.
Since the Chu Corporation intended to compete with the Riyao Group in the steel trade, its intelligence department had naturally conducted a detailed investigation into the industry long ago.
Rabbit Country was currently the world's largest steel producer, accounting for roughly half of global steel output. Because domestic iron ore resources were scarce, it had to import enormous quantities of iron ore every year, over 80 percent of which came from Kangaroo Country!
As the world's largest iron ore exporter, Kangaroo Country relied on its monopoly over iron ore resources to extract staggering profits from Rabbit Country every year. This left domestic steel producers at a severe disadvantage, with raw material suppliers swallowing up much of their profits.
Flooding Rabbit Country's market at such a low price would break Kangaroo Country's iron ore monopoly. For Rabbit Country, that would be nothing short of a strategic victory!
And that was before even considering Nie Yun's enormous demand for steel!
With the economy slowing, vast quantities of surplus steel produced domestically had to be dumped overseas every year.
In 2017, 50 percent of all anti-dumping investigations worldwide targeted steel exports from Rabbit Country! This put Rabbit Country in a deeply awkward position internationally.
If this trade of buying iron ore and selling steel could continue without any volume limits, it would solve two major domestic problems for Rabbit Country at once. Its significance would be extraordinary!
Of course, Chu Xiaoxiao still had no way of knowing the scale of Nie Yun's trade, so she could not assess its impact. But the price alone immediately made her realize the astonishing value involved.
"Are you sure you want to sell at half the market price?