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(Con) A2: BRI Key to China Steel Exports

Turn – Ore prices

(a) Lower China steel demand lowers ore prices

Hoyle, 9-3, 19, https://www.wsj.com/articles/chinese-steel-slowdown-slams-iron-ore-prices-11567505144, Wall Street Journal, Chinese Steel Slowdown Slams Iron-Ore Prices

Iron-ore prices posted their biggest one-month fall in almost eight years as China’s huge steel engine cools and global shipments of the commodity rise.

(b) Lower ore prices boost the US steel industry

Hoyle, 9-3, 19, https://www.wsj.com/articles/chinese-steel-slowdown-slams-iron-ore-prices-11567505144, Wall Street Journal, Chinese Steel Slowdown Slams Iron-Ore Prices

Iron ore’s drop, however temporary, offers some relief for steelmakers, which were grappling with sharply higher prices for the raw material at a time when steel prices were softening. U.S. Steel recently said it was struggling with rising raw-material costs in Europe as it idled one furnace on the continent and two in the U.S.

© Strong steel industry key to the US economy

American Institute of Steel, 2019, https://www.steel.org/economicimpact

According to a recently released analysis, the American iron

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