ANS : will we fold or fly?, page-54

Praetor, the pollution issue you raised just hit a nerve. I recall reading something last year in SCMP (it's actually not a commie website despite South China in the name) that the China regulators at the highest level green lit the urgent build of 4 ValeMax terminals for high geade iron ore imports not so much from Brazil but from West Africa.

Didn't ring a bell at the time but it all makes sense now.

Reason for all this is to relocate and build new giant steel mills to coastal regions to make green (environmentally friendly) steel using iron ore with low impurities.

I came across in Bloomberg and others which I suggest you pay attention to and that's this dual circulation strategy out of China as part of their commie big annual huddle a few weeks back it's all about greening of the steel industry for the next 20 years.