China Steel Maker Baowu May Move Blast Furnaces to Cambodia

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Jerry Atrick
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Re: China Steel Maker Baowu May Move Blast Furnaces to Cambodia

Post by Jerry Atrick » Fri May 24, 2019 9:43 am

Coal is readily available from Indonesia, as pointed out.

Good news for industry and for steel prices in the local market, if they do it. The article (bit of a non article) just mentions they are basically doing a feasibility study.

That is a fairly normal activity and does not mean they will move this aspect of their business to Cambodia.
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Re: China Steel Maker Baowu May Move Blast Furnaces to Cambodia

Post by frank lee bent » Fri May 24, 2019 9:47 am

if the trade war goes much further the military will get involved
the prelude to that will see the yanks either default or devalue the usd, probably the latter
the prc is in a weak position
checkmate
As to the local implications north Korea could provide a clue to the future in terms of weltpolitik
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Re: China Steel Maker Baowu May Move Blast Furnaces to Cambodia

Post by ExPenhMan » Fri May 24, 2019 9:56 am

clutchcargo wrote:
Fri May 24, 2019 9:29 am
In addition to the previous stated possible reasons of:

exporting pollution, and

further cementing business relations/ties with KOW,

I'm thinking maybe another possible reason is that setting up in another country and exporting from there may escape future anti chinese buying sentiment and tariffs. aka Chinese investment cloaked in 'Made in Cambodia'?
Yup. Disguise the steel source. Could be the CPC leadership feels the trade war is going to last a long time and are bedding in for the long haul.
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Re: China Steel Maker Baowu May Move Blast Furnaces to Cambodia

Post by Arget » Fri May 24, 2019 10:17 am

It could also be a bummer for Cambodia if it is seen as just a proxy for PRC then there would be more of the EBA and US withdrawals for all products of Cambodia.

China..........a poisoned chalice for Cambodia?
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Re: China Steel Maker Baowu May Move Blast Furnaces to Cambodia

Post by whatwat » Fri May 24, 2019 1:02 pm

frank lee bent wrote:if the trade war goes much further the military will get involved
the prelude to that will see the yanks either default or devalue the usd, probably the latter
the prc is in a weak position
checkmate
As to the local implications north Korea could provide a clue to the future in terms of weltpolitik
The Fed has been doing it already. No one noticed. What does that mean?
https://www.forbes.com/sites/charleskad ... dollar-33/

Not going to happen “overnight”. Try a little reading.
https://www.forbes.com/sites/johntamny/ ... 84d0415a9f

Education is key.


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