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China scraps iron ore imports

After every boom comes a bust, but in the steel-making business it’s a little different because after every boom comes scrap, and the bigger the boom the bigger the pile of scrap which in China is so big that it’s starting to have an effect on demand for iron ore.

China scraps iron ore imports China scraps iron ore imports China scraps iron ore imports China scraps iron ore imports China scraps iron ore imports

The inevitability of a Chinese scrap mountain has been obvious for the past decade though it's taken until recently for the mountain to start moving back into the steel-production process.

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