Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
6,699.38
(
1.01%
)
US TECH 100
24,013.20
(
-0.01%
)
Dow Jones
46,946.41
(
0.00%
)
Brent Oil
99.99
(
1.71%
)
Bitcoin
73,862.05
(
-1.32%
)
News Focus
News Focus
Post# of 30493
Next 10
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

zipjet

Send PM Follow Ignore
Followers 36
Posts 2637
Boards Moderated 0
Alias Born 10/06/2003

zipjet

Re: DewDiligence post# 5373

Thursday, 07/12/2012 6:21:29 PM

Thursday, July 12, 2012 6:21:29 PM

Post# of 30493
But is the China growth real and sustainable?

Example: China has 220M t/yr of idle steel capacity, 2-3 times the entire US capacity.

Sounds like they have enough capacity.

Not really - they plan to build the worlds largest mill ever.

Keep in mind that capital projects account for around half of China GDP compared with less than 10% in the US.

China looks like a bubble to me ready to burst.

ij



http://www.steel.org/en/About%20AISI/Statistics.aspx

http://www.businessweek.com/articles/2012-06-28/for-china-too-much-steel-isnt-enough

It is astonishing what foolish things one can temporarily believe if one thinks too long alone ... where it is often impossible to bring one's ideas to a conclusive test either formal or experimental. J.M. Keynes

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Trade Smarter with Thousands

Leverage decades of market experience shared openly.

Join Now