6 days ago China Development Bank announced it was ready to invest US 890 billions in 900 projects in 60 countries along the Silk Road project. And 6 days before that CBA became a major SH.
Given material costs general take up to 30%-60% of total for infra structural project, say it the Silk Road project takes 10 years, then every year there will be 27b to 53b spent on material, and majority of them is iron/steel. How much incremental tonnages of IO as a result of this remains a million dollar question.
Do the maths
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