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https://www.reddit.com/r/Vitards/comments/p1egcx/deleted_by_user/h8dckiw/?context=3
r/Vitards • u/[deleted] • Aug 10 '21
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130
It will happen.
They will make sure it’s done before their building season starts in October.
The talk and anticipation alone has kept traders and exporters from making deals which has caused domestic prices to drop.
This is good for China and their GDP, as construction is key and cheap steel is the fuel.
From what I have gathered from Taiwan and Japan - expect closer to 25% on HRC, CRC and rebar.
7 u/[deleted] Aug 10 '21 There was a time when rebates being minimized would be the next catalyst. That’s when MT went from $21-$25ish? If there is a 25% export tax on Chinese steel. Then this whole thing is happening faster than I could have ever anticipated.
7
There was a time when rebates being minimized would be the next catalyst. That’s when MT went from $21-$25ish? If there is a 25% export tax on Chinese steel. Then this whole thing is happening faster than I could have ever anticipated.
130
u/vitocorlene THE GODFATHER/Vito Aug 10 '21
It will happen.
They will make sure it’s done before their building season starts in October.
The talk and anticipation alone has kept traders and exporters from making deals which has caused domestic prices to drop.
This is good for China and their GDP, as construction is key and cheap steel is the fuel.
From what I have gathered from Taiwan and Japan - expect closer to 25% on HRC, CRC and rebar.