British steel industry went under because of very cheap Chinese steel. Now Chinese are buying Serbian steel industry, why?
To eliminate competition, or?
It is very muddy?
ArcelorMittal is the largest steel Company in the world and has literally bought the largest North American steel companies such as Stelco and Dofasco which used to operate in Canada. Steel commodity prices have yet to recover but China has an uncanny ability to buy at the right time. Chinese companies are also making inroads in oil and gas buy recently purchasing Bankers Petroleum with the large Kucova oil fields in Albania at a very low price. Overall, the deal is a win for Serbia in the short term generating income and employment but a win long term for China depending on what capital investment will be required.
1 ArcelorMittal * 98.088
2 Nippon Steel and Sumitomo Metal Corporation * 49.300
3 Hebei Steel Group * 47.094
"How much of those profits stay in Serbia? "
(WallStreet Jack, 5 April 2016 15:49)
If the Chinese manage to get Zelezara to operate with profit, it would be kind of a miracle. US steel didn't manage, as far as you know. In this case, the profits will go to the owner, what else?
I think the steel mill must operate for some years until the 300 millions that shall be invested can be earned back. Anyway, Serbia benefits from the workers, and the tax they pay, and partially from the investments (usually, Chinese import most parts from Chine, including constructions workers, as you could see with the bridges constructed by Chinese companies)
How much of any profits stay in B & H, Croatia, & Kosovo? Looks like everyone lost the war except for a few corrupt folks.
(WallStreet Jack, 5 April 2016 15:49)
well for 1 everyone has a job...money stays in Serbia and money goes to china. you don't know what your talking about.
(serbia1, 5 April 2016 21:08)
serbia1,
Young boy, it is you who does not know what you're talking about. There is wide spread unemployment in Serbia. If you live in Serbia, the chances are high that you do not have a job. Furthermore, how can money stay in Serbia and yet, money goes to china? Contradictory, wouldn't you say! You need to take a course in basic logic.
there is no Serbia....its a facade.....a dead and decaying chapter in America's conquest of the world....no need to rise up and fight.....let the ugly world the west has built take its course......let the fever burn itself out......the proponents of this ugly western thing will hide in the shadows one day.when the light rises above the horizon.....the west is a lie.I pray that Hillary Clinton is elected in the empire-that will expedite the demise of histories most evil and duplicitous empire.....now go watch your reality shows....sad little puppets
How much of any profits stay in B & H, Croatia, & Kosovo? Looks like everyone lost the war except for a few corrupt folks.
(WallStreet Jack, 5 April 2016 15:49) well for 1 everyone has a job...money stays in Serbia and money goes to china....and what does Croatia, Bosnia have to do with the Serbian company ? nothing ,so why would anyone care in Serbia for them....you don't know what your talking about....
How much of any profits stay in B & H, Croatia, & Kosovo? Looks like everyone lost the war except for a few corrupt folks.
(WallStreet Jack, 5 April 2016 15:49) well for 1 everyone has a job...money stays in Serbia and money goes to china....and what does Croatia, Bosnia have to do with the Serbian company ? nothing ,so why would anyone care in Serbia for them....you don't know what your talking about....
"How much of those profits stay in Serbia? "
(WallStreet Jack, 5 April 2016 15:49)
If the Chinese manage to get Zelezara to operate with profit, it would be kind of a miracle. US steel didn't manage, as far as you know. In this case, the profits will go to the owner, what else?
I think the steel mill must operate for some years until the 300 millions that shall be invested can be earned back. Anyway, Serbia benefits from the workers, and the tax they pay, and partially from the investments (usually, Chinese import most parts from Chine, including constructions workers, as you could see with the bridges constructed by Chinese companies)
How much of any profits stay in B & H, Croatia, & Kosovo? Looks like everyone lost the war except for a few corrupt folks.
(WallStreet Jack, 5 April 2016 15:49)
well for 1 everyone has a job...money stays in Serbia and money goes to china. you don't know what your talking about.
(serbia1, 5 April 2016 21:08)
serbia1,
Young boy, it is you who does not know what you're talking about. There is wide spread unemployment in Serbia. If you live in Serbia, the chances are high that you do not have a job. Furthermore, how can money stay in Serbia and yet, money goes to china? Contradictory, wouldn't you say! You need to take a course in basic logic.
ArcelorMittal is the largest steel Company in the world and has literally bought the largest North American steel companies such as Stelco and Dofasco which used to operate in Canada. Steel commodity prices have yet to recover but China has an uncanny ability to buy at the right time. Chinese companies are also making inroads in oil and gas buy recently purchasing Bankers Petroleum with the large Kucova oil fields in Albania at a very low price. Overall, the deal is a win for Serbia in the short term generating income and employment but a win long term for China depending on what capital investment will be required.
1 ArcelorMittal * 98.088
2 Nippon Steel and Sumitomo Metal Corporation * 49.300
3 Hebei Steel Group * 47.094
there is no Serbia....its a facade.....a dead and decaying chapter in America's conquest of the world....no need to rise up and fight.....let the ugly world the west has built take its course......let the fever burn itself out......the proponents of this ugly western thing will hide in the shadows one day.when the light rises above the horizon.....the west is a lie.I pray that Hillary Clinton is elected in the empire-that will expedite the demise of histories most evil and duplicitous empire.....now go watch your reality shows....sad little puppets
British steel industry went under because of very cheap Chinese steel. Now Chinese are buying Serbian steel industry, why?
To eliminate competition, or?
It is very muddy?
there is no Serbia....its a facade.....a dead and decaying chapter in America's conquest of the world....no need to rise up and fight.....let the ugly world the west has built take its course......let the fever burn itself out......the proponents of this ugly western thing will hide in the shadows one day.when the light rises above the horizon.....the west is a lie.I pray that Hillary Clinton is elected in the empire-that will expedite the demise of histories most evil and duplicitous empire.....now go watch your reality shows....sad little puppets
How much of any profits stay in B & H, Croatia, & Kosovo? Looks like everyone lost the war except for a few corrupt folks.
(WallStreet Jack, 5 April 2016 15:49) well for 1 everyone has a job...money stays in Serbia and money goes to china....and what does Croatia, Bosnia have to do with the Serbian company ? nothing ,so why would anyone care in Serbia for them....you don't know what your talking about....
How much of any profits stay in B & H, Croatia, & Kosovo? Looks like everyone lost the war except for a few corrupt folks.
(WallStreet Jack, 5 April 2016 15:49)
well for 1 everyone has a job...money stays in Serbia and money goes to china. you don't know what your talking about.
(serbia1, 5 April 2016 21:08)
serbia1,
Young boy, it is you who does not know what you're talking about. There is wide spread unemployment in Serbia. If you live in Serbia, the chances are high that you do not have a job. Furthermore, how can money stay in Serbia and yet, money goes to china? Contradictory, wouldn't you say! You need to take a course in basic logic.
"How much of those profits stay in Serbia? "
(WallStreet Jack, 5 April 2016 15:49)
If the Chinese manage to get Zelezara to operate with profit, it would be kind of a miracle. US steel didn't manage, as far as you know. In this case, the profits will go to the owner, what else?
I think the steel mill must operate for some years until the 300 millions that shall be invested can be earned back. Anyway, Serbia benefits from the workers, and the tax they pay, and partially from the investments (usually, Chinese import most parts from Chine, including constructions workers, as you could see with the bridges constructed by Chinese companies)
ArcelorMittal is the largest steel Company in the world and has literally bought the largest North American steel companies such as Stelco and Dofasco which used to operate in Canada. Steel commodity prices have yet to recover but China has an uncanny ability to buy at the right time. Chinese companies are also making inroads in oil and gas buy recently purchasing Bankers Petroleum with the large Kucova oil fields in Albania at a very low price. Overall, the deal is a win for Serbia in the short term generating income and employment but a win long term for China depending on what capital investment will be required.
1 ArcelorMittal * 98.088
2 Nippon Steel and Sumitomo Metal Corporation * 49.300
3 Hebei Steel Group * 47.094
British steel industry went under because of very cheap Chinese steel. Now Chinese are buying Serbian steel industry, why?
To eliminate competition, or?
It is very muddy?
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