>>48306
>isn't the U.S. all about Free Trade?
What gave you that idea?

>>48323
obama's america is a socialist country!

When a company is able to sell goods overseas for less than they cost to make because they are receiving government subsidies, it is not considered to be free trade.

>>48345

wow. thanks for the overly simplistic answer. Does anyone have an idea that requires actual thought and not buzzwords?

>>48306
>>48388

If you read the article you'd know that it's not about free trade, it's a friendly warning that if steel mills have to drop the guts out of their prices just to move their excess stock then they are over producing, and have invested far too much into the industry

They are flooding the market with cheap, and frankly poor quality steel which isn't really good for their economy long term, and it's putting other steel producers at risk

It is not even good steel.
In New Zealand the repair program for Christchurch, after the earthquakes, found that reinforcing steel on many projects was substandard and potentially dangerous if there is another earthquake..
Also, the government found that similar China made steel used for a road/bridge construction was also poorly made and potentially dangerous.

>>48545
some what true.

not all steel is made equally

There are some really good steel makers in china

but its mostly people trying to make a quick buck

you have to search and know the shit so you don't get scammed

>>48396
Isn't putting your compition at risk a good thing? Could this accomplish shutting down steel production of other countries or at least cheaping those companies for buy outs, thus in the long run making their steel industry stronger. Kinda like what Saudi is doing with their oil.

>>48559
dont mind the spelling errors

>>48559
The comparison that could be drawn would be the business practices of de beers. While it's a fine plan to take over the entire world production of a product, what's going on right now is that it costs them to hold so much stock, so they get rid of it by charging next to nothing. This isn't a sustainable business practice, and it's costing them boatloads. They are in this mess because they have oversupplied the market

>>48306
MURRICA is only into "free trade" if they are the one that's making the money

>>48559
doesn't make it "stronger", just relocates it to whoever can restart production fastest/cheapest once china dumps run out. if us/canada plants shut down from this, they won't come back.

>>48664
to be fair 'murrica and other first world countries doesn't fabricate steel with complete disregard to environmental and safety laws and treating their workers like actual slaves like china does.

>>48664
>american corporations is only into "free trade" if they are the one that's making the money and ripping off the american people and country
FTFY