DEMAND SIDE
Trillions of pent up savings in the average joe's accounts = consumer spending needing steel
worldwide housing boom preceding building boom - needs steel
Will take a few years to start the major infrastructure projects planned worldwide - steel
move to low carbon - needs steel
SUPPLY SIDE
I'm African, those projects will be delayed and have more costs than they think.
The other suppliers ability to ramp up supply is limited in comparison due to poorer infrastructure
iron bridge will help with quality.
The rest is just short term noise.
Iron ore price, page-30516
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