Anonymus: Western governments buy steel from Ukraine at prices higher than the market

Destroyer of illusions · Sep 5, 2014

Handling Anonymus, posted correspondence:

[video=youtube;kFsKITKHsx4]http://www.youtube.com/watch?v=kFsKITKHsx4[/video]

A letter from the head of office of Peter Altmaier for Foreign Minister Radoslaw Sikorski

Correspondence between the adviser Merkel on foreign policy and security Christophe Hoysgenom and head of the Ukrainian Presidential Administration Poroshenko Boris Lozhkin

Western governments expend savings for future generations. Western governments spit on stupid sheep (taxpayers). Why Government report to the stupid sheep? Sheep do not know how to think. Instead of sheep think the Western media.
How do you feel about the fact that the government spends taxpayers' money (not oligarh) on insane program?
What do you think - all of Western society is made up of stupid sheep?
Say you retained the ability to think for themselves? Or instead you think the media?

elf_ua · Sep 5, 2014

Russian government stealing coil from Ukraine form now and this seems like normal.

MaximRud · Sep 5, 2014

elf_ua said: ↑

Russian government stealing coil from Ukraine form now and this seems like normal.
Click to expand...

1. Subject of Ukraine and Germany. Why do you touch Russia?

If you are told that you have unzipped pants. You zip up or say: "look at that guy, he has unzipped pants too"?

This is called the big brother syndrome. Your words as a baby talk. "Big brother does even worse" or "It is big brother to blame."

2. Indiscreet question. Piece of coal was stolen in humanitarian aid trucks?

elf_ua · Sep 5, 2014

MaximRud said: ↑

1. Subject of Ukraine and Germany. Why do you touch Russia?

If you are told that you have unzipped pants. You zip up or say: "look at that guy, he has unzipped pants too"?
This is called the big brother syndrome. Your words as a baby talk. "Big brother does even worse" or "It is big brother to blame."
Click to expand...

so you want to say these two things are equal?
(trade and slealing)

2. Indiscreet question. Piece of coal was stolen in humanitarian aid trucks?
Click to expand...

it's not `was`.
It's continuing to keep stealing.

MaximRud · Sep 5, 2014

elf_ua said: ↑

so you want to say these two things are equal?
(trade and slealing)
Click to expand...

Read carefully. I'm not about the comparison, I'm on your desire to compare.

Why do you touch Russia in this case? "Big brother does even worse", is not it?

elf_ua · Sep 5, 2014

MaximRud said: ↑

Read carefully. I'm not about the comparison, I'm on your desire to compare.

Why do you touch Russia in this case? "Big brother does even worse", is not it?
Click to expand...

not big and not brother of course, but do. That's right

AlpinLuke · Sep 5, 2014

600 Euros per ton?

0.6 € x kilo?

Are you aware of the price of carbon steel in EU market? I am, since I work for a society which uses steel for production purposes. If we are talking of common carbon steel its price can vary [according to the quality] between 600$ and 1,000$, that is to say between 460€ and 770€.

So, please specify the chemical composition of that "carbon steel" and its production quality.

[The international definition of the steel would be useful, for example its AISI code].

MaximRud · Sep 5, 2014

elf_ua said: ↑

not big and not brother of course, but do. That's right
Click to expand...

I'm not about relatives. I about syndrome, which today overwhelmed a lot of Ukrainian media.

For illustration. Sorry, without translation.

[video=youtube;48U7TLaNwTg]http://www.youtube.com/watch?v=48U7TLaNwTg[/video]

waltky · Apr 25, 2016

What's behind China's cheap steel?...

What's behind China's cheap steel exports?
Sun, 24 Apr 2016 - Why is Chinese steel cheap, does it distort global markets and why should I care?

Cheap steel from China has been blamed for distorting global markets and putting other countries' steelmakers under pressure. How have we got here and why does it all matter?

China's steel industry - what's the problem?

Chinese steel production has expanded hugely. Over the past 25 years, output has grown more than 12-fold. By comparison, the EU's output fell by 12% while the US's remained largely flat. The drive behind that stellar increase has been China's double-digit economic growth over the past decades. That led to ever more domestic demand for steel and the government invested heavily in the industry during the boom years. But that demand has been severely hit by the current slowdown, leaving China with more steel than it needs. It produced more than 822 million tonnes of steel in 2014 and is expected to produce even more this year, yet projected demand for its steel in 2016 is only 672 million tonnes. Chinese steel is therefore sold on the international market at extremely low prices - critics say it's sold at a loss. As a consequence, other countries' steel plants find it increasingly hard to compete.

Chinese steel factory

What is China's position?

China dismisses claims that its steel is sold at a loss and says it has done what it can to curb overproduction. Beijing's official news agency said that blaming the country for the global steel industry's problems was a "lame and lazy excuse for protectionism". In a commentary piece, Xinhua warned against the imposition of protective import tariffs (a tax on the product which ultimately makes the finished goods more expensive for the consumer). "Blaming other countries is always an easy, sure-fire way for politicians to whip up a storm over domestic economic woes, but finger-pointing and protectionism are counter-productive," it said.

What is China likely to do?

Very little. While other countries complain that cheaper Chinese steel is forcing their producers out of business, China is itself faced with severe problems in the industry. The boom of past years means any substantial output cuts would lead to huge job losses, and potential social instability. It is unlikely that China will cut output by a lot and unless domestic demand picks up, cheap exports will continue to affect global markets.

What options do other countries have?

A simple response would be setting up higher import tariffs. So if a Chinese manufacturer offers a tonne of steel at a cheap price, the importing country charges a tax on top of the original price, which makes it more expensive for the importing company. That would make Chinese steel more expensive in the importing country and would therefore make domestic producers more competitive again. Steel-producing countries India, the US and Indonesia have already raised their import tariffs on steel from China. But for European countries that is a tricky path to embark on as China is a much bigger trading partner. Introducing higher tariffs could risk triggering a trade war of tit-for-tat import tariffs on all kinds of goods.

Does all this matter to me?
Click to expand...

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