Inside China Business Investor Alert: Revolutionary ironmaking method will nullify tariffs and scramble iron ore markets

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «Inside China Business» (@Inside_China_Business). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: “Flash Ironmaking“ is a new technique, involving spraying iron ore powders into hot smelters. Chinese researchers report a 3,600-fold boom in productivity and time savings. China is heavily dependent on imports of higher-grade iron ores from Australia, Brazil, and Chile, with imports totaling over a billion tons per year. But this new method can successfully employ lower-yield ores, which China has in abundance. As this process is rolled out across China’s iron smelters and they are fueled increasingly by domestically sourced ore, we should expect global prices to fall across the higher grades. US tariffs on Chinese steel is currently at 25%. In the EU, strong import curbs are in place to ringfence European steelmaking companies. But China should realize production cost savings much higher than 25%, and take even more market share from global competitors. Resources and links: Video transcript and direct links Reuters, China iron ore imports head for record even as steel output slips South China Morning Post, China’s ‘explosive’ ironmaking breakthrough achieves 3,600-fold productivity boost Interesting Engineering, China develops new iron making method that boosts productivity by 3,600 times China’s Iron Ore Imports Market Share Reached 71.3% in 2022 Visual Capitalist, Visualizing the World’s Largest Steel-Producing Countries Visual Capitalist, Visualizing 50 Years of Global Steel Production Why will China’s iron ore imports remain ’high’ in 2030 despite production cuts? China exported 90.3 million tons of steel products in 2023 5 among top 10 steel exporting countries register drop in H1 volumes Global steel exports rise over 10% in CY’23. What lies ahead? FACT SHEET: President Biden Takes Action to Protect American Workers and Businesses from China’s Unfair Trade Practices EU prolongs steel safeguard measure until June 2026 Cost of Electricity by Country 2024 Closing scene, Wulan Lake, Tengger Desert, Inner Mongolia