There is an increasing disconnect between the two key ingredients for making steel, with iron ore safely within China's economic bubble and coking coal more exposed to the rest of the coronavirus-riddled world.
The main difference is that while China imports the bulk of the iron ore with which it feeds its 1 billion-tonne-a-year steel industry, it has a large domestic coking coal industry and imports only about 10% of its needs.
Source : https://za.investing.com/news