Anyone knows what happens to molbeatlhd capacity in the countries with declining production? Is it easy to quickly re ramp up production locally, if China should experience trouble? Or is this seemingly extreme dependence on a single, historically unproven, supplier for such an important commodity highly destabilizing? Sure looks like an "all the world's eggs in one basket" problem in the making. Looks like the US could quickly add "some" output, at least back in '05-'06, but it is merely a blip compared to what China now produces. And what about Chinese consumption? If all that steel simply went to build skyscrapers in China itself, that would be one thing. But the severe output drops in traditional producing countries doesn't support that thesis.
by Twibi 06:45:37 AM 2013.06.28 |