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Why do you think they don’t need our iron ore?Even if they could use their lower grade ores, they still don’t produce the required tonnage, not to mention that their “abundant low grade ores” are located far away from the steel mills which sit on the coast.It’s going to continue to be much cheaper to use higher grade ores coming in by ship for a long time.Not only is it more expensive to ship a tonne of ore over land vs by ship, but if you are using 30% grade you need to ship 2 tonnes to be equal to 1 tonne of high grade, plus you have all that waste slag to deal with,
Why do you think they don’t need our iron ore?
Even if they could use their lower grade ores, they still don’t produce the required tonnage, not to mention that their “abundant low grade ores” are located far away from the steel mills which sit on the coast.
It’s going to continue to be much cheaper to use higher grade ores coming in by ship for a long time.
Not only is it more expensive to ship a tonne of ore over land vs by ship, but if you are using 30% grade you need to ship 2 tonnes to be equal to 1 tonne of high grade, plus you have all that waste slag to deal with,
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