Yeah they are preparing for the boom that has historically followed the stimulus for the last 30 years.
Interestingly according to Supchina report on China stimulus, the stimulus levels pumped into China economy exceed the 2020 volumes.
Not deluded into thinking we will see ~ $220 for 62% again given more complex environ, QT, potential technical global recession, war in Ukraine, but who knows ?
The military industrial complex requires steel to protect itself from itself, those ships aren't made out of clay.
Iron ore price, page-45727
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