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.
The partial shutdown is intended to reduce smog during the 2016 World Horticultural Exposition, which the city will host from April until October .
The Guardian: China's smog-choked steel city readies for six-month flower show shutdown
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