Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (53464)	8/12/2009 4:34:05 AM
From: energyplay	Read Replies (3) \| Respond to of 218828

Why is China buying so much iron ore - $57 Billion it really pushes the price up, and so much metellurgical coal it pushes that price up, all to undercut most everybody else in the world steel market ? At the same time, not making much money for China and or the people doing the work... I though Beijing put a stop to the "every city must have an aluminum factory" stuff about three years ago. Are the large number of steel companies a left over from previous industrializations ? It somehow reminds me of California's energy plan, which had good intentions and naivete and lead to the enrichment of Enron and others. The car companies will benefit from the cheap steel, and the miners will get really rich. Might be good for China's car sector, but a direct subsidy would be far cheaper.