Paradigm Shift, page-7

that would make sense to me…..I have seen numbers up to a 27% year on year deficit but the falling V market on low volume makes no sense to a immeadiate deficit.

then again demand has been volatile so when full demand comes back on look out : )

china / Taiwan tensions and Russia / UK tensions could stoke the V market vertical.

there goes 80% of the worlds V supply and 60% of consumption also would leave a 20% deficit.

However in saying the above 80% of V market transactions go through china.

Chinese steel production is low and so is V slag production.

In summary the 120,000 tonnes produced in 2020 is more like 105,000 tonnes in 2021 and probs 90,000 this year with the china lockdowns.