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China’s not winning its trade war with Australia – Sydney Morning Herald

China hasn’t been able to hurt the Australian producers of the two big commodities that really matter. If this is a trade war, Australia is winning its first phase…

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In the longer term scrap metal might have a more material role in Chinas steel industry China wants to double production from its electric arc furnaces over the next four or five years but its ambitions will have only modest impacts on its demand for iron ore and iron ore prices in the medium term.
Along with a crackdown on iron ore futures trading last week the authorities vowed to punish market manipulation the actions helped slightly lower the iron ore price, from more than $US230 a tonne to…

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