Currently viewing Global edition

Iron ore's growing scrap threat

BHP’s train derailment, which created a mountain of scrap steel, was the big news in iron ore last week, so it might come as a surprise for some investors to discover that there is a bigger and more damaging train coming down the track – and it is already classified as scrap.

Iron ore's growing scrap threat Iron ore's growing scrap threat Iron ore's growing scrap threat Iron ore's growing scrap threat Iron ore's growing scrap threat
Perhaps even more ironic, much of the BHP train wreck on the line to Port Hedland in Western Australia, including wagons and pieces of the locomotives, could end up in a Chinese scrap-metal yard and