Elliott Pushes for New BHP Billiton Strategy

The transcript discusses BHP's strategic decisions, focusing on shareholder interests and the impact of oil market conditions. It highlights the need for BHP to pass a national litmus test, considering its diversification and investor preferences. The conversation shifts to the iron ore market, analyzing past rallies and future trends based on Chinese steel output, with implications for investor appeal.

Discuss the significance of the national litmus test mentioned in the context of the deal.

What are the potential consequences of a drop in Chinese steel output on iron ore prices?