China's steel industry fired-up over recovering demand22 Feb 2023 11:23
"The end of China’s zero-COVID policies, though, is shoring up market confidence and driving consumption with demand expected to keep going up in sectors like machinery, automobiles and home appliances.
Prices increased for a number of common steel products including
Steel plates, strips, special steel and construction steel"
https://www.youtube.com/watch?v=zyg_QOxT5qc
Interesting how no one talks or is scared about COVID anymore. We haven't had lockdowns in the west for ages, but China is only just coming out of a 3 year hibernation!
= sustained long-term shortage of metals due to decades of underinvestment.