The Ford Barn - View Single Post - The Terry Burtz 5 main bearing engine blocks are back on track.

Mike Peters · 02-06-2021, 08:20 AM

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Join Date: Feb 2015
Location: Australia
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Default Re: The Terry Burtz 5 main bearing engine blocks are back on track.
According to this, China is cutting its steel production as part of a green plan.
https://www.sharecafe.com.au/2021/02...g-on-in-china/

Let me get this straight. China is angry with Australia, so they have stopped buying Australian Coal. However, China continues to buy Australian iron ore. Now, this past December the Chinese government has issued an order to Chinese steel companies to reduce steel production resulting in falling iron ore prices to Australia and elsewhere. All of this will be a job killer for Australia? What am I missing?
For what it's worth, Since last September, China has been buying large amounts of corn and soybeans from the US and elsewhere, resulting in surging grain prices world wide.

02-06-2021, 08:20 AM	#220
Mike Peters Senior Member Join Date: Aug 2012 Location: South East Wisconsin Posts: 1,279	Re: The Terry Burtz 5 main bearing engine blocks are back on track. updraught's Avatar Join Date: Feb 2015 Location: Australia Posts: 1,476 Default Re: The Terry Burtz 5 main bearing engine blocks are back on track. According to this, China is cutting its steel production as part of a green plan. https://www.sharecafe.com.au/2021/02...g-on-in-china/ Let me get this straight. China is angry with Australia, so they have stopped buying Australian Coal. However, China continues to buy Australian iron ore. Now, this past December the Chinese government has issued an order to Chinese steel companies to reduce steel production resulting in falling iron ore prices to Australia and elsewhere. All of this will be a job killer for Australia? What am I missing? For what it's worth, Since last September, China has been buying large amounts of corn and soybeans from the US and elsewhere, resulting in surging grain prices world wide.