China’s Steel Giant With Hundred-Billion-Dollar Assets Collapses, 18,000 Workers Jobless Overnight
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Puzzled. What is square pipe used for in construction.
I’m not familiar with it. -
As a machine shop owner, NONE of our customers will accept Chinese materials of any type for their products. Go figure!?!?
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Chinese steel is not good
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The bubble has burst…
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Ya cry me a river pal. The USA sold you our steel industry in the 80s and destroyed coutless lives and towns. If you mismanaged it, tough shit.
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That was cause by declining new home building in china
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in GM and Ford much more workers gets fired due to bad sale of cars and losses but this asshole channel obviously are not interested in that
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Who funds the 'China Observer'? Obviously the US. Made by some group of analysts and ex-holly wood writers, working for Project for a New American Century or some other think tank. I wonder if the man talking in the plant was even in China.
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you no say
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Much of their steel is of low quality
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Commies
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Boycott all Chinese products…😅😅😅
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They themselves have to be blame why keep producing without any order, does production no need costs, don't say the management are so stupid no idex refer the supply and demand in the market
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Over productions of steel but their own buildings using less steel .
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This will cause a Chineseum shortage!
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Chinese dogs are sooo cute
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Bull sht
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Overcapacity, price dumping going on for 3 decades
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China steal bearing won’t even hold up for a week.
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If its bad news in china what do you think will happen here a boom in commodities listen to whats going on five years from now pick up the pieces sad but real
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Didn’t the United States place a tariff on their steel being imported into the United States? I believe that’s what happened.
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The long-term downward slump in the quality of Chinese steel can't have helped either.
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Is that a dirty production plant? …….. its time to produce with much less CO2 emissions, its called the GREEN STEEL programm starting next year.
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That guy in the opening scene is an actor, not a real worker, lol.
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Uh oh China. Are we gonna witness another Lost Decade for another Asian country,right after Japan succeeded in ending and getting out from their Lost Decade and stagnation? Yikessss
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Once the factory of the world.. now the factory of nothing but poor quality items..
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How can anyone expect china to do things right when the very core of the government is based on greed? Greed creates corruption, corruption creates a never ending race for more. The CC smol P needs to give up communism if they want to represent the free world. The "free" world is not under the dictatorship of anyone. So the main principles of what it takes china to run things is at the minimum incompatible with the rest of the world. I feel sorry for the hard workers losing their jobs and the struggle to feed their families. China should do better.
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Its all connected and falls like a house of cards .
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Does this mean that I will be able to afford a scrap of iron to make me a simple project? or is it more important to artificially inflate to price of it, so you can't sell any of it, cause its scrap iron anyway?
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When price, price, price, is all they think about and quality, quality, quality, never is given even one thought.
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Chinese did it to themselves
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This is why chyna had been stealing metals from the US, and shipped them to chyna
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