If the U.S. has a steel problem, it isn't China: Russell
http://www.reuters.com/article/us-column-russell-steel-china/if-the-u-s-has-a-steel-problem-it-isnt-china-russell-idUSKBN1A90F1
as this report is from Reuters, even ZZ should be willing to read it
It points out as I have been saying that Dumped cheap steel from Asia, China in particular is a non-factor in consumer costs of products made that use various steels because there is so little of it as a percentage of overall consumption..... The tariffs against dumping are not going to have ANY effect imo...
Here is a little of the article .
LAUNCESTON, Australia (Reuters) - Anybody looking at the United States’ import data would wonder why the Trump administration is bothering making a big deal out of its steel trade with China. U.S. President Donald Trump said last week that he is considering imposing tariffs on steel imports, while talks between the commerce secretaries of the United States and China ended without any concrete measures..
The threat of U.S. import taxes on Chinese steel have helped boost the share prices of U.S. steelmakers, but this is likely more of a sentiment driven improvement rather than any expectation that imposing tariffs will be anything more than largely symbolic.
While China is the world’s largest producer of steel, and has emerged as a major exporter in recent years, the simple truth is that very little of its output reaches the United States.
article does continue...
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