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PR Newswire
25-10-2013, 11:45 AM
"Steel" news??
MEPS Expects World Steel Production To Rise By 3.1 Percent In 2013
http://www.hellenicshippingnews.com/News...d454ea4d1c
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It seems CHina is the only major producer bucking the trend, the rest, like north america and europe are already cutting down supplies.
China produce about 50% of world steel.
China has talk about consolidating several sectors, such as steel, shipping and properties, etc.
Just my thoughts:
Shipping going through a consolidation by market forces, lesser yards did not get orders, so they will go the way of the dodo. Ship building and property development are both steel-intensive industries, curbing property demands and reduces sources of supply to shipyards, that will effectively curb demand of steel, will the lesser millers then go the way of the dodo too??
MEPS Expects World Steel Production To Rise By 3.1 Percent In 2013
http://www.hellenicshippingnews.com/News...d454ea4d1c
--------------------------------
It seems CHina is the only major producer bucking the trend, the rest, like north america and europe are already cutting down supplies.
China produce about 50% of world steel.
China has talk about consolidating several sectors, such as steel, shipping and properties, etc.
Just my thoughts:
Shipping going through a consolidation by market forces, lesser yards did not get orders, so they will go the way of the dodo. Ship building and property development are both steel-intensive industries, curbing property demands and reduces sources of supply to shipyards, that will effectively curb demand of steel, will the lesser millers then go the way of the dodo too??
life goes in cycles, predictable yet uncontrollable; just like the markets, but markets give you a second chance