No one seems to be talking about the fact that Nippon and JFE are doing this to lock in supply into the distant future. They know which way the wind is blowing in terms of supply/demand balances for decades and are willing to pay up for it now, rather than later.
It always pays to watch what people do, rather than what they say.
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No one seems to be talking about the fact that Nippon and JFE...
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