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Guessing End to Iron Slump Clouded by 600 Million-Ton Steel Gap

China Steel Plans to Buy Iron, Coal Mines to Cut Dependency
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Predicting any end to the collapse in iron ore depends mostly on how much you think will be needed to make steel in China.

Trouble is, some forecasts of steel output over the next few years are almost polar opposites, from a record surge to 1.1 billion metric tons to a plunge of more than a third to 500 million tons. The 600 million-ton difference in those estimates represents about enough metal to supply all of Europe, the Americas and the rest of Asia for a year.