I wonder if the steel restrictions on output levels was actually due to the government being worried the factories would consume too much power. The narrative has been it’s about emissions, but I dunno if I believe that anymore. By limiting steel production now there will be pent up demand for longer and when they sort out the coal situation and can max produce iron ore could boom to ATH. Which in the end will put more dividends in our pockets.
Iron ore price, page-38407
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