China Isn't Ready for Iron Deficit, Industry Veteran Warns - EcoFinBiz Blog

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China Isn't Ready for Iron Deficit, Industry Veteran Warns

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(Bloomberg) -- China’s steel industry, the world’s largest, isn’t prepared for a looming shortage of iron ore in the second half that’s set to drive prices higher, according to a prominent industry adviser, who warned of devastating volatility should mainland holdings sink below 100 million tons.

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