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The Forum > Article Comments > Dumping on industry > Comments

Dumping on industry : Comments

By David Leyonhjelm, published 30/4/2018

The obvious conclusion is that the price was deliberately supressed in order to encourage a favourable anti-dumping decision and to highlight material injury.

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Steel dumping? How can that be? We export the world's purest iron ore some of it so pure, chunks of it can be welded together. And we also export most of the coal needed by our competitors, and at a price that effectively shuts us out of a market, we could own! If we but used the brains we were born with and a plethora of natural advantages. We need to stop oversupplying the global market with iron ore and or waste steel. Which then contributes to a glut of finished steel. We who invented one step steel smelting need to reclaim our intellectual property with appropriate enabling legislation. Then with our intellectual property, reclaimed use it and MSR thorium, and the subsequent, worlds cheapest possible power, to power the industrial arc furnaces we should acquire to then produce the lowest costing by half steel products and inventory with the lowest possible carbon footprint; and before the rest of the world decides to put a tariff on the carbon content of our manufactured production as the only means to reduce total carbon pollution. Even if we do this to completely resuscitate domestic production and sales of locally produced steel, which costs as much to transport to the end user as raw iron ore or the coal required for its manufacture. At the end of the day, tax relief will do little to resuscitate the domestic manufacturing, when the real impediment is actually the monstrous cost of partially privatized price gouged, gold plated power delivery. Prices as low as 2 cent PwH, are possible and ought to underpin the world-beating electric future that we'll also have to accept as the new norm. When we produce high-quality steel and sell it profitably for half what the Chinese require just to meet production costs, we will no longer be dependant on them as a buyer of our rocks! I'm not saying this could happen tomorrow. But if we're smart, stop wasting precious time with vacillation, political prevarication, incorporate cooperative capitalism and (Jpnese/Celtic economic miracles) social credit, within seven years? Alan B.
Posted by Alan B., Monday, 30 April 2018 12:08:07 PM
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