according to experts, all those chinese ghost cities are going to need iron and copper for inside furnishings, including large appliances

china in its rush to grow up as an economy and a society tried to forcibly create a middle class faster than reality would allow- in order to produce a consumer economy instead of their traditional export economy-and so the building infrastructure growth apparently exceeded job growth and the willingness of rural people to forgo/trade their relatively independent lifestyle as rapidly as expected to become a mindless cog in the machine

the iron big 3 have succeeded in pushing some lower price producers out of the market but are still pursuing their maddening quest to dominate the world at any price-including a dramatically lowered bottom line-so its been a question whether a shareholder revolt would put a check on the big boys insatiable madness