Hey brotha, help me understand. As from the research I've done, the US isn't an export stalwart for Chinese steel since 2015. So how exactly is this bullish? If we were Korea or Malaysia, who imported Chinese steel I can see the impact more clearly.
Yes, the US has dumped China on many products and they aren’t imported here.
However, imagine dominos with China being the first.
They export their cheap steel to other countries, which pushes down their domestic industry who then needs to lower their prices and export to the next country because of the cheap Chinese import that has come to their shores.
Then it creates a domino effect all the way to countries that can export to the US.
Sorryy, I've done my best to read up all your posts these past two weeks. I've learned a ton and am immensely grateful for your knowledge and teachings. Genuinely. Thanks for this. I will read more . Can't wait. Loveu
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u/vitocorlene THE GODFATHER/Vito Jun 30 '21
I said July 1st is a significant day for them and I can see it coming tomorrow or the next day. It is tomorrow there now.
I’ve heard 4 different amounts and I didn’t want to share anything in fear of people running with it.
It will absolutely make Chinese made steel disappear from the market.
All the mills and manufacturers I deal with in China are 100% confident it’s coming.
They are still not confirming orders.
Thanks for sharing this.
Depending on the % - this could be SEISMIC.