Iron ore price, page-32361

I think the CCP are smart enough to understand that by bringing their low-grade mines online that they are making their steel exports even less viable, due to the added carbon emissions. This would have the effect of making green steel even more economically attractive, which would lead steel purchasers to be drawn away from Chinese steel.
China is currently in a very good position where they have a guaranteed pipeline of high-quality iron ore and are able to convert this to high-priced/quality steel for export. They may choose to use their domestic supply to "teach Australia a lesson", but the fact is Australia will actually benefit from this in the long run.
WtP should be given some basic economic lessons to prevent him destroying the economy his predecessors have worked so hard to build up!