Any increase in steel consumption is good for us in the short term in the long term car manufacturing is an industry where in the future a lot less steel will be used. Open up the hood of your car the engine is mainly aluminium or has plastic components, bumpers body panels plastic etc
http://www.forbes.com/sites/greatsp...ds-in-steel-usage-in-the-automotive-industry/
nice article about magnetite, page-6
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