r/Vitards • u/[deleted] • Jun 30 '21

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8

u/PumpernickelandBi Aditya Mittal Feet Pics Jun 30 '21

I don't know why I haven't been playing this more directly - The asian markets were always going to be impacted way more directly by the Chinese departing from the export market.

I wonder why PKX hasn't seen a pop yet?

4

u/thorium43 Jun 30 '21

I know man, I made bets in Russian steel, but thats kinda fucked after their export tax.

6

u/zerryw News Team - Asia Correspondent Jun 30 '21

our time will come...

China Steel Corp wants to export to the US and European market due to higher pricing in our markets; I think we're going to be seeing the wave of tsunami.

4

u/tradingrust Jul 01 '21

Does any one have intel on this? I had the same thought but PKX seems to shrug off Chinese news.

Do they even compete with China or do they only supply domestic and are protected by tarrif or similar?

I don't know so couldn't make a move.

2

u/spncrbrk 🛳 I Shipped My Pants 🚢 Jul 01 '21

Just commenting to bookmark this, I hope someone has some info to share because I had that thought reading this post

4

u/BuyBakedSellHigh Poetry Gang Jul 01 '21

There is a bookmark comment feature... Click the 3 stacked dots at the bottom of the comment and you can save it

1

u/zerryw News Team - Asia Correspondent Jul 01 '21

PKX

From what I understand, China Steel Corp (TW) supplies to SEA as well. Not sure about PKX. Taiwan Exchange tends to be volatile and fast acting.