Business as usual for these perhaps the most zealous of the world's USD zombies:
Why Chinese Steel Exports Are Stirring Protests (John W. Miller / Wall Street Journal) http://t.co/oGc7auos9r http://t.co/UurDBK5Ahd
— memeorandum (@memeorandum) March 16, 2015
They must have read about the Bessemer Process after a couple of centuries and finally figured out how to make steel what do you know.
The EZ export producers better up their game and be ready to keep reducing their USD terms.
Buyer beware though, this follows the precedent of automotive glycol anti-freeze in the toothpaste, poisoned dog food and radio active drywall board.
(Continued USD bullish imo.)
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