...the larger issue i think remains the supply/demand of scrap and the feasibility of converting all the large blast furnaces that require ore to electric arc furnaces in a country like china.
Good analysis, IMO. It's hard to imagine wholesale conversion of steel mills in China when there are too many of them to begin with.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”