The Rising Influence of Rising Affluence

[DewDiligence]

The Reuters write-up is about the seaborne iron-ore business, specifically:

These figures show that the output side of the plan to dominate global seaborne iron ore trade is going quite well for the big three.

As has been discussed on this board ad nauseam, the US iron-ore market is a distinct business, where the proximity of mines to non-coastal steelmaking companies ensures a cost advantage for North American producers.