surely as the world opens up again the price of steel is going to go sky high if the Chinese keep production low. Ahhhh there is their plan. Less Vol more profit on steel.
or have they told construction industries to stop building néw houses so this increases they demand for existing builds which gets EverGrande out of the hole?
Great opportunity for other steel manufacturers. Really shows how the world needs to be careful when relying on China. We shouldn't let them be our masters by controlling supply chains and entire economies...
Price of Iron Ore, page-371
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