Posted On: 01/06/2015 12:34:44 PM
Post# of 8059
http://in.reuters.com/article/2015/01/06/mark...HM20150106
the problem, often blamed on chinese slow down-when 6% chinese growth now is = to 12% growth of a decade ago- is big players huge gamble to purposefully crash price via oversupply to eliminate their competition
winter mixed bag- N chinese mines close but construction slows also
many non integrated independent chinese mines are closing due to price but those owned by big chinese steel co's are being carried by said co's-
interestingly Bao reportedly is the only big China steel co which does not own
Bao and CWRN had a relationship through the May 2013 ship and may still have
big boys need to take some pre-2014 lessons- they were stupid in allowing china to set prices before 2008 and imo their current strategy is dangerous and stupid,resulting in a ca 1.4 billion loss to vale last reported quarter-thus they've shut or slowed planned mines but how far will they take their game?
pellets are c $40 higher without costing $40 more to produce so i'm confident brad w his huge empire is exploring those options discussed by the co in 2012,including Apr 2012 PR
plus what about the fert?
the problem, often blamed on chinese slow down-when 6% chinese growth now is = to 12% growth of a decade ago- is big players huge gamble to purposefully crash price via oversupply to eliminate their competition
winter mixed bag- N chinese mines close but construction slows also
many non integrated independent chinese mines are closing due to price but those owned by big chinese steel co's are being carried by said co's-
interestingly Bao reportedly is the only big China steel co which does not own
Bao and CWRN had a relationship through the May 2013 ship and may still have
big boys need to take some pre-2014 lessons- they were stupid in allowing china to set prices before 2008 and imo their current strategy is dangerous and stupid,resulting in a ca 1.4 billion loss to vale last reported quarter-thus they've shut or slowed planned mines but how far will they take their game?
pellets are c $40 higher without costing $40 more to produce so i'm confident brad w his huge empire is exploring those options discussed by the co in 2012,including Apr 2012 PR
plus what about the fert?
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