FMG Technical Analysis, page-8447

More BS western propaganda from the yankees.
While the yanks & ruskies destroy, the chinese rebuild and develop.
Many countries globally are in dire need for steel infrastructure, none more so than the USA itself then Ukraine Balkans, Africa, India middle east, South america/Brasil, Eurasia even many areas of Australia coastal & inland.

Steel is needed to rebuild 80% of the developed world from east europe to Africa to India to Eurasia,
the chinese just built 3 bridges in bosnia, belgrade & croatia plus massive fast rail project to budapest using imported steel.
In Eurasia the belt & road project is the largest ever seen globally & in Africa they are building bridges and ports everywhere using again imported steel from their 500 chinese steel mills.
Not to mention their space rockets, engines/turbines & space station & aircraft carriers/navy all made from steel.
The more space faring & wars, the more steel is needed.

IO is a future commodity that will remain in demand for centuries to come.
The world will be steelified, electrified & space faring from everywhere.

The chinese demographic move from the working class to middle class of 1B people is changing the entire world so if china can do this then so can the rest of the 5B people fo the world living in poverty.


New bridge opens on adriatic coast.
One of numerous chinese steel building projects in east europe.



8 track high speed rail line, new rail cars & steel tracks all along 350km
"The Budapest-Belgrade railway project involves the modernisation of a 350km-long cross-border high-speed railway between Hungary and Serbia. Credit: Deutsche Bahn. The railway modernisation project is a major project of China's Belt and Road initiative.6 Apr 2022"

STEEL is the future!