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To: russwinter who wrote (10453)	3/19/2004 11:34:08 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 110194

anybody have a famous quote on trade war, military war? it goes like this... "when goods fail to cross borders, usually armies do next" I have read the quote a couple times in the last month but I cannot find the actual quote or author thanks, jim

To: russwinter who wrote (10453)	3/19/2004 12:02:31 PM
From: stan_hughes	Read Replies (1) \| Respond to of 110194

Global housing market on edge of a crash -- Message 19934690

To: russwinter who wrote (10453)	3/19/2004 12:12:51 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

that is manufactored steel. Does that have much of anything to do with finished goods? IF goods are rising, are they rising by as much as steel has gone up? M

To: russwinter who wrote (10453)	3/19/2004 4:43:43 PM
From: RealMuLan	Read Replies (1) \| Respond to of 110194

I read from some Chinese forums that the US steel producers already start to refuse filling the order from Chinese companies.

To: russwinter who wrote (10453)	3/19/2004 5:38:28 PM
From: TobagoJack	Respond to of 110194

Hello Russ, Followup on Chinese coal export ... it has just come to a full stop as far as the Philippines is concerned. My coal pal told me yesterday that he cannot get coal at any price from China (EDIT: in my book, by my reading, 'not at any price' is a very high price indeed ;0), because there is no export quota at the seller's end. Zilch, and this was in reference to the largest coal company in China. Reference earlier heads-ips: Message 19588827 December 12th, 2003 ... (b) China apparently has decided that it will phase out its coal export program and become a coal importing country; Message 19803115 February 13th, 2004 ... Another juicy bit. My coal trading friend tells me that China just implemented a 33% cutback of coal export quota, so as to retain coal in country. Message 19875867 March 3rd, 2004 Doc V, My coal trading pal just informed me over the phone that the largest Chinese coal companies are reviewing all export term contracts, and starting with the contracts that are priced the least, informing the opposite parties that until and unless they agree to pay a premium over term contract price, there will be no deliveries.

To: russwinter who wrote (10453)	3/31/2004 1:50:28 AM
From: TobagoJack	Respond to of 110194

Hello Russ, Following up on this coal issue Message 19936226 , now there is trouble with Coke, not as in Cola, but in stuff that steel making requires (it turns out that China is one of the largest exporters of coke, and ...) financialtimes.printthis.clickability.com Europe warns China to ease curbs on coke exports Tobias Buck in Brussels and Richard McGregor in Shanghai Published: March 30 2004 22:02 \| Last Updated: March 30 2004 22:02 The European Union has warned China that it must revoke restrictions on exports of coking coal, designed to protect the Chinese steel industry, or risk a trade dispute. One European Union trade official said there was no other trade conflict between the two sides that was as close to sparking a legal challenge at the World Trade Organisation. This would be the first such challenge by the EU against Beijing since China joined the WTO in 2001. Brussels says Beijing has broken trade law by restricting exports of coke, an important raw material for steel makers. The EU claims that the restrictions have reduced global supplies and forced up prices for Europe's steel industry. Pascal Lamy, the EU trade commissioner, has now formally complained about the measure in a letter to Bo Xilai, China's commerce minister. Mr Lamy had raised the issue during a visit to China earlier this month. In his letter, Mr Lamy said China's export licensing system "is in clear breach" of the commitments Beijing made when it joined the WTO. "China undertook a specific commitment to eliminate export restrictions unless they could be justified under WTO rules," Mr Lamy wrote. He argued that none of the justifications under international trade law applied in the case of China and coke. The commissioner did not threaten to launch a legal challenge at the WTO against the restrictions. However, one official close to Mr Lamy said there was "huge pressure" from European industry to take China to the WTO, and that the Commission would be unable to resist that pressure much longer. The official said: "This is a clear message to China that they have to play by the rules." China's increasing trade surpluses, especially with the US but also with Europe, have been straining relationships with its economic partners. However, the latest European complaint is unusual in that it seeks to force China to export more, not less. This reflects what a recent Commission paper described as the "scarcity of coke on the global markets at present, driven by booming demand throughout the world, and a parallel fall in world coke capacity". Prices have therefore risen dramatically - from $79 per tonne two years ago to $350 per tonne in the first quarter of 2004, according to the Commission. The Commission memorandum stated: "To help protect domestic producers from rising costs, the Chinese authorities have indicated they will restrict the issuance of coke export licences for 2004. "Less than 10m tonnes of licences will be issued in 2004, compared with some 14.7m tonnes exported in 2003." China began capping coal export quotas this year to preserve supplies for its booming steel and power industries. The move mainly affected Chinese exports to Europe and Japan. In addition, a reduction of the value added tax rebate for exported products was cut from 15 per cent to 5 per cent for coke, and the cost of licences for overseas sales outside quotas have been raised, weakening the incentive to export.