Steel-guzzling China puts world's auto industry on edge - GoFuckYourself.com

OzMan · 11-26-2004, 12:15 AM

Nissan's unprecedented decision to temporarily cut output due to a lack of steel shows how extreme the world's supply problems have become as China's huge economy consumes more and more basic materials.

China last year accounted for more than 25 percent of the world's steel consumption and analysts believe the shortfall may not be solved until 2006 when the world's largest metallurgical coke factory begins operating in China.

The worldwide problem has become so severe that in Europe, where many had begun to view coal mines as historical relics, German conglomerate RAG said in September it was ready to open up a domestic mine.

FULL STORY

Doctor Dre · 11-26-2004, 12:22 AM

China is gonna give the whole world problems

$5 submissions · 11-26-2004, 12:25 AM

It's called the law of supply and demand. Give supply some time to catch up. Eventually, prices will stabilize.

Quote:

Originally posted by OzMan
Nissan's unprecedented decision to temporarily cut output due to a lack of steel shows how extreme the world's supply problems have become as China's huge economy consumes more and more basic materials.

China last year accounted for more than 25 percent of the world's steel consumption and analysts believe the shortfall may not be solved until 2006 when the world's largest metallurgical coke factory begins operating in China.

The worldwide problem has become so severe that in Europe, where many had begun to view coal mines as historical relics, German conglomerate RAG said in September it was ready to open up a domestic mine.

FULL STORY

Jeff aka NIGHTfall · 11-26-2004, 12:34 AM

what about nissan??

hydro · 11-26-2004, 12:37 AM

maybe that bird flu is natures way of taking care of the chineese

xclusive · 11-26-2004, 12:38 AM

China is a force to be reconed with and there are so many chinese that it's not likely to slow down and we have to find alternatives...

11-26-2004, 12:15 AM	#1
OzMan Confirmed User Join Date: Sep 2003 Location: Los Begas Posts: 9,162	Steel-guzzling China puts world's auto industry on edge Nissan's unprecedented decision to temporarily cut output due to a lack of steel shows how extreme the world's supply problems have become as China's huge economy consumes more and more basic materials. China last year accounted for more than 25 percent of the world's steel consumption and analysts believe the shortfall may not be solved until 2006 when the world's largest metallurgical coke factory begins operating in China. The worldwide problem has become so severe that in Europe, where many had begun to view coal mines as historical relics, German conglomerate RAG said in September it was ready to open up a domestic mine. FULL STORY

11-26-2004, 12:34 AM	#4
Jeff aka NIGHTfall Confirmed User Join Date: Oct 2003 Location: Port St. Lucie, Florida Posts: 5,162	what about nissan?? __________________ Register Now For PimpinPays.com

11-26-2004, 12:38 AM	#6
xclusive Too lazy to set a custom title Join Date: Apr 2004 Location: Buffalo, NY Posts: 35,218	China is a force to be reconed with and there are so many chinese that it's not likely to slow down and we have to find alternatives... __________________ I support MediumPimpin.com / Shemp's Outlawtgp.com /

11-26-2004, 12:37 AM	#5
hydro Confirmed User Join Date: Dec 2003 Location: Dirty 3rd Posts: 4,216	maybe that bird flu is natures way of taking care of the chineese