Tuesday, January 5, 2016

Are Privately Owned Steelmakers Heading for Oblivion?


Good summary of the global steel situation from MEPS.  As China thinks its steel industry is part of its Job Guaranty program and a prime source of USD balances to feed the Chinese USD zombies, steel industry in the ROW nations suffers.

Trump has said repeatedly that he wants to go to war against this type of steel policy of the external nations and many others like it, although not much details on how he would go about it so far.


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