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Howard R Garner
 
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Default China is buying alot of scrap steel, will this be a problem?

Pete Bergstrom wrote:

"Howard R Garner" wrote in message
...

Pete Bergstrom wrote:

"Jim K" wrote in message
...


My understanding is that they are also paying premium prices for
taconite from up north. The low level of the Great Lakes hurt the
shipping companies quite a bit last year. This year should be better
with all the snow/rain we've had. They are already shipping through
the Soo locks.


One mine on Minnesota's iron range recently restarted production of iron


ore

that's going directly to China. The mine had been closed for several


years

and the Chinese business brought a bunch of miners back to work.


Close but no cigar.

The Chinese are to get iron ore from a mine in Canada.
This ore was being shipped to a US Steel mill. the Minnesota ore will
replace this.

It's all in shipping changes, etc.



Hmm, I guess you must be a lot closer to this than I am. The articles I've
been reading (Star-Tribune and Pioneer Press usually) don't specifically
indicate where the ore is coming from.

Going by a story in the Duluth News Tribune in December, "The 38-year-old
facility includes an iron ore mine at Eveleth and taconite-pellet processing
plant about 10 miles to the south in Forbes."

Thanks,
Pete


Pete,

Covered in Trains magazine in the latest issue.

Howard