Posted On: 11/21/2013 3:50:58 AM
Post# of 8059
As mentioned before Japan is very resource poor- a reason they preemptively attacked the USA-to have raw materials their society needed-
takes years of cleanup and planning but govt is under increasing political pressure to replace the destroyed cities w new cities -
but have to level whole mountains to raise the narrow coastal strip above level of tsunamis -and plan and rebuild -these things take many years -and Japan-already an iron importer-will have to import even more iron to rebuild
there is still the joker card of Chinas declining domestic ore % in their mines-down to 15% and falling-as far as I can see being ignored by iron projections-w some thinking price will rise as seen in posted articles,though the majority think they will fall some -but biggest cheapest iron has presumably already been found for the most part
takes years of cleanup and planning but govt is under increasing political pressure to replace the destroyed cities w new cities -
but have to level whole mountains to raise the narrow coastal strip above level of tsunamis -and plan and rebuild -these things take many years -and Japan-already an iron importer-will have to import even more iron to rebuild
there is still the joker card of Chinas declining domestic ore % in their mines-down to 15% and falling-as far as I can see being ignored by iron projections-w some thinking price will rise as seen in posted articles,though the majority think they will fall some -but biggest cheapest iron has presumably already been found for the most part
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