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.

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China is gonna give the whole world problems

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

what about nissan??:(

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

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...