2 ms·
China's ironmaking breakthrough achieves 3,600-fold productivity boost
- ggm 2y agoThis was written up in Australian news as "bad news for Australian steel making" instead of "amazing! we can get rid of a french metric megatonne of CO2 burdens if we adopt this new tech" Some people insist on turning good news stories into bad ones. I have no doubt there will be IPR costs, but China wants Australian iron ore, and I am sure there will be an accomodation between states on RAND terms. Have I missed how this really is a "bad news story" or is it just that it demands re-capitalising old, dirty steel production facilities?