Business
Iron ore bulls steel for China’s shake-up – The Australian Financial Review – The Australian Financial Review
Iron ore bulls need to be alert as Beijing pushes for a leaner and greener steel industry.
Baowus appetite for acquisitions has shown no signs of slowing. It picked up Kunming Steel and its 100 million tonnes of capacity last week, and is mooted to be eyeing Shandong Steel and its 30 million tonnes of capacity.
While much is written about Chinas demand for Australian iron ore, theres been less attention paid to the composition of that demand.
For Australias iron ore oligopoly, the transformation of Chinas steel industry from a large number of smaller players in a fragmented industry to…
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