3 ms·
“There’s going to be less steel demand. There’s going to be less cement being used — less glass, for example. That impacts within China heavy industrial areas t
by ianai 3y ago
“There’s going to be less steel demand. There’s going to be less cement being used — less glass, for example. That impacts within China heavy industrial areas that really produce these raw materials.”
No cocktail party can go on infinitely apparently. Some really interesting and profound dynamics at play here.
- thghtihadanacct 3y agoI see this as 'steel is going to be affordable again'
- powerapple 3y agono with the wars going on right now...
- jauntywundrkind 3y agoHeard that yesterday in comments too. I don't have any particular insight. But this kind of first order viewpoint feels reductionist. Steel & other construction suppliers have been ongoing investments, distributed wide & far across the world. Many of these suppliers & adjunct industries might not make it demand dries up too quickly. It's hard to predict what higher order effects really are.
- downrightmike 3y agoAll those industries have been on a debt restructuring cycle. They died a long time ago, this point just waiting for the Zombie to rot to dust