China's smog-choked steel city readies for six-month flower show shutdown
by Tom Phillips from Environment | The Guardian on (#16G2X)
Iron ore price soars as Tangshan's steel mills go on buying spree ahead of enforced closures for the horticultural expo
A dramatic spike in the price of iron ore this week has been blamed on an upcoming flower show that is designed to showcase green-living in one of China's most smog-choked industrial cities.
Steel mills in Tangshan - a city of about 7 million inhabitants in China's steel-producing heartlands - reportedly sent prices rocketing by nearly 20% on Monday, after going on an unexpected shopping spree for the commodity ahead of an enforced shutdown later this year.
Continue reading...