Beware of any article that has figures all ending in zero, 200mt here, 300mt there, 160mt somewhere over there.
All about assumptions and more fear mongering, China won't get the scrap metal to replace IO without tripling scrap metal prices. EAF's around the world generally use 100% scrap including here in Australia, Chinese EAF's generally use 80% molten iron(IO) and 20% scrap. Reason for that is they can't source the scrap, you just don't dig scrap metal out of the ground like Iron Ore.
Australian Iron Ore is the most cost effective and efficient IO in the market, much closer to China than Brazil.
If China had other options like Mongolia, Myanmar, Kazakhstan, etc they would have spent billions years ago rather than wasting money in Africa.
The market will determine the price of IO, the old supply and demand curves we all learned about in high school economics.
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