Interesting, but choppy article. The answer of course, is for...

Interesting, but choppy article. The answer of course, is for Australia to produce its own green steel. Why we import Chinese steel at all is a very good question, when we already have all the raw materials on shore.

https://www.hellenicshippingnews.com/why-iron-ore-prices-are-on-track-to-suffer-their-largest-monthly-loss-on-record/

“Renewed stimulus in China, some restocking ahead of the winter Olympics, which might prompt further mill closures to contain emissions, and the prioritization of value over volume by iron ore miners,” could cause iron-ore prices to turn higher again, the BofA analysts said. There is “scope for prices to stabilize, but volatility may remain high.”