Yeah and it is not suprising to see such comments come out when weakness is about.
I dont think 2020 steel production numbers being replicated in 2021 is a bad thing and for into the foreseeable future. We will just see the number of reopening or opening of new mines being moderated if IO prices settles around the 150 to 180USD mark.
And remind people of the failed logic of increasing production from low grade high cost mines and at the same time having the constant rumblings of the need to worry about enviromental concerns and hence limit production.
Iron ore price, page-34838
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