21-10-2015, 03:58 PM
Best of luck, it's just one of the downsides to the Chinese economy slowing down.
Their country was gobbling up resources like nobodys business, you couldn't make steel or mine iron ore fast enough.
Now it's hit the breaks there's no where for this stuff to go, so it sits on the market as a massive over-supply.
I understand the government haven't helped much with the carbon tax credits thing, but unfortunately at the moment everyone is making steel and no-one is buying it, I'm sure there will be plants all over the world hitting the wall.
Their country was gobbling up resources like nobodys business, you couldn't make steel or mine iron ore fast enough.
Now it's hit the breaks there's no where for this stuff to go, so it sits on the market as a massive over-supply.
I understand the government haven't helped much with the carbon tax credits thing, but unfortunately at the moment everyone is making steel and no-one is buying it, I'm sure there will be plants all over the world hitting the wall.