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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (43827)	10/19/2005 9:40:39 PM
From: TobagoJack	Read Replies (1) \| Respond to of 110194

No, not steel, because price war on way China has 380 steel producers, and that is 360 too many Govt sponsored industry consolidation via policy fiat is on way, and will likely lead to serious blood-letting in the industry, not only in China but around the world, since China capacity is roughly 40% of global capacity and growing, upgrading. China steel will go abroad via deliberate competitive strategy, calling for 20-30% export by all companies I have spoken to. The steel will go out of country as steel and as intermediate/end product. I figure I will just buy energy on the dips, and keep buying. Chugs, J