New record of 40,000 tons. I wonder what price whoever bought this paid per ton? I'd guess it was imported and fetched a pretty low price in USD terms.
A ship at #PortofLA carried 40K tons of #steel coils - the single largest steel capacity off-loaded from one ship. pic.twitter.com/RBVk6NQ4uS
— Port of Los Angeles (@PortofLA) December 8, 2015
6 comments:
Commodity prices are down,I thought demand was low-apparently not.I wonder what this steel is going to be used for.
Looks thick might be coiled plate.... couldnt find any info on its source (revealing) its probably from China (they are DUMPING) and will be used in the construction of US Navy warships that will then operate against China...
Off-line source telling me the "KL" sprayed on the roll is probably "Kuala Lumpur" so perhaps it is of Malaysian not Chinese origin...
Bloomberg, When It Rains It Pours as China Unleashes Commodity Torrent
The Guardian, Oil producers prepare for prices to halve to $20 a barrel
Going to wipe out everyone that was stockpiling commodities in anticipation of higher prices, especially where leverage was used.
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