China’s Flexing of Its Iron Ore Buying Power Could Come Too Late
Beijing is starting to throw its weight around in the iron ore market, just as its dominant position is starting to look under threat.
Water vapor and smoke rise from a Tonghua Iron & Steel Group Co. plant in Jilin province, China.
Phoptographer: Qilai Shen/Bloomberg
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Welcome to our guide to the commodities powering the global economy. Today, reporters Alfred Cang and Katharine Gemmell take a look at how China’s state-owned iron ore buyer is flexing its muscles in the market.
For more than four decades, China’s rise has been forged in steel.