Why Zero? Because China is the largest buyer, meaning their imports goes to zero? Do they suddenly no longer require Iron Ore? What happens to markets dependent on their exports? Not even Russia has been as excluded from the global markets despite tariffs.
As the largest exporter of steel products it would also create an insane shortage as the worlds appetite for steel would have to pivot to other markets like Turkey or India to fill demand. I legitimately cannot understand your logic as your price expectations of zero mean a complete scale of imports and exports being something we have never seen EVER.
For example Russia's exports are still above the 2021-2022 levels and the I think 28% downturn going into 2024 after going to war with Ukraine was filled by other markets that increased prices. Please help me understand this unique situation only you are apparently aware of.
Why Zero? Because China is the largest buyer, meaning their...
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