Chinese Economics Thread
- Thread starter Norfolk
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well you have structural electricity growth which is due to the ongoing urbanisation of China. This should last for another decade at least
Heatwaves are a big contributor. Weather has been extremely hot this year.
This is likely due to the overcapacity we are seeing in China's Steel sector. I'd still like to see them build more EAF and retire coal fired ones
The electric arc furnaces only operate on scrap steel. And they require a huge amount of electric generation.
If you look at it most electric arc furnace steel plants are located in Southern China, electricity is more plentiful and the coal mines in Inner Mongolia are far away.
Roughly half of the blast furnaces were built during this century. So they are quite recent and it makes little economic sense to close them down to replace with electric arc furnaces. Further increase in usage of electric arc furnaces also requires more steel scrap to be available than is currently.
If you look at it most electric arc furnace steel plants are located in Southern China, electricity is more plentiful and the coal mines in Inner Mongolia are far away.
Roughly half of the blast furnaces were built during this century. So they are quite recent and it makes little economic sense to close them down to replace with electric arc furnaces. Further increase in usage of electric arc furnaces also requires more steel scrap to be available than is currently.
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Hi,
Probably, it's been already discussed before but why China dosen't seem react to Europe imposing tariff on China EV ? China appears to be weak and dosen't fight back and retaliate?
Why China don't do the same for the EU vehicles and on US products ?
Probably, it's been already discussed before but why China dosen't seem react to Europe imposing tariff on China EV ? China appears to be weak and dosen't fight back and retaliate?
Why China don't do the same for the EU vehicles and on US products ?
They already put tariffs on liquor, pork, and milk products (including powered milk and cheese) from the EU. There is also an investigation into putting tariffs on high displacement combustion engine cars imported from the EU. Basically the high end car imports.
GM has been watching its market share in China slide into irrelevance, and thus also their profits in China, with the market moving to EVs. That has to hurt them more than any sanctions China could do.
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they also work on the high grade iron ore that they will start to get from Guinea next year.