All things made of STEEL price will go UP! nonstop

**niky** · May 31st, 2008 10:22 PM

I'm wagering that the absurd inflation of steel prices will slow down after the Olympics start. It's a spike in demand brought about by prevailing circumstances in China.

But in the meantime... who wants to buy my scrap?

**yebo** · May 31st, 2008 10:58 PM

no, it's not just the olympics, or china alone.

it's everything, like dubai and qatar, cars and ships, and oil rigs and oil platforms. more buildings are being built, just because there's a lot of empty desert out there to build on. more cars are being sold even if the price of gas is high. and ship building, why do you think the koreans built asia's second biggest shipyard in subic, and is still building another one in mindanao of probably even bigger capacity? shipbuilding is on an all time high. shipping is not just predicted, but definitely will double in terms of tonnage in the next 10 years. shipyards are fully booked all the way to 2015 such that if a ship gets damaged the only shipyards that will make room is the very shipyard that made it. halos pagpatungin na nila mga barko sa singapore kasi walang space sa shipyard. the slipways are full, the drydocks are full, and a ship or oil rig keel is laid every 2 weeks. oil rigs and oil platforms, too, are being built as fast as the money flows in (and do i need to tell you how fast oil money is flowing in these days?) and if oil is in demand, then they are also building oil refineries. one of the big factors that is raising the price of oil is the lack of refining capacity in the US. they're building, and that's a lot of steel! and power plants, and transmission towers, and ... all made of steel.

btw, they'rs building a suspension bridge in da nang, vietnam. passed under it 2 weeks ago. meron din yata sa ho chi minh, kita ko at a distance. mauunahan na tayo ng vietnam! sa wednesday makikita ko hanoi, the guys here said very progressive na din daw.

**v6dreamer** · June 1st, 2008 01:50 AM

Originally Posted by yebo

no, it's not just the olympics, or china alone.

it's everything, like dubai and qatar, cars and ships, and oil rigs and oil platforms. more buildings are being built, just because there's a lot of empty desert out there to build on. more cars are being sold even if the price of gas is high. and ship building, why do you think the koreans built asia's second biggest shipyard in subic, and is still building another one in mindanao of probably even bigger capacity? shipbuilding is on an all time high. shipping is not just predicted, but definitely will double in terms of tonnage in the next 10 years. shipyards are fully booked all the way to 2015 such that if a ship gets damaged the only shipyards that will make room is the very shipyard that made it. halos pagpatungin na nila mga barko sa singapore kasi walang space sa shipyard. the slipways are full, the drydocks are full, and a ship or oil rig keel is laid every 2 weeks. oil rigs and oil platforms, too, are being built as fast as the money flows in (and do i need to tell you how fast oil money is flowing in these days?) and if oil is in demand, then they are also building oil refineries. one of the big factors that is raising the price of oil is the lack of refining capacity in the US. they're building, and that's a lot of steel! and power plants, and transmission towers, and ... all made of steel.

btw, they'rs building a suspension bridge in da nang, vietnam. passed under it 2 weeks ago. meron din yata sa ho chi minh, kita ko at a distance. mauunahan na tayo ng vietnam! sa wednesday makikita ko hanoi, the guys here said very progressive na din daw.

Di bali nauunahan naman natin sila sa corruption.

**pup2** · June 1st, 2008 04:07 AM

Si gloria hindi tumataas ...

**oliver1013** · June 1st, 2008 07:23 PM

Originally Posted by BoyBakaL

Just a head start or abit late! prices of steel will surely not stop to go up

since the demand of CHINA is even greater than what they are eating up before the QUAKE and the OLYMPICS... CHINA is buying the whole world market of raw metal buying it higher than any other country, so tendency other countries are even buying our stock metal piles.. ask around and you will be shock how much is reinforced steel bar... its rising nonstop, kawawa dito mga contractor...

example:

a 10mm deformed bar is

from 120pes in january to 215pesos today and still rising

kaya im sure pati mga kotse in the next few months mag price increase na yan...

add more pa rising dollars Hayzzzz naku talagang pataas lahat ng bilihin

anyone in the same industry kindly confirm my report?

Naku sinabi mo pa..yung estimate nung feb, nag commence ng march, ngayon ongoing parin lagpas na sa estimate yung presyo

**ringostarr** · June 3rd, 2008 12:49 PM

Originally Posted by yebo

no, it's not just the olympics, or china alone.

it's everything, like dubai and qatar, cars and ships, and oil rigs and oil platforms. more buildings are being built, just because there's a lot of empty desert out there to build on. more cars are being sold even if the price of gas is high. and ship building, why do you think the koreans built asia's second biggest shipyard in subic, and is still building another one in mindanao of probably even bigger capacity? shipbuilding is on an all time high. shipping is not just predicted, but definitely will double in terms of tonnage in the next 10 years. shipyards are fully booked all the way to 2015 such that if a ship gets damaged the only shipyards that will make room is the very shipyard that made it. halos pagpatungin na nila mga barko sa singapore kasi walang space sa shipyard. the slipways are full, the drydocks are full, and a ship or oil rig keel is laid every 2 weeks. oil rigs and oil platforms, too, are being built as fast as the money flows in (and do i need to tell you how fast oil money is flowing in these days?) and if oil is in demand, then they are also building oil refineries. one of the big factors that is raising the price of oil is the lack of refining capacity in the US. they're building, and that's a lot of steel! and power plants, and transmission towers, and ... all made of steel.

btw, they'rs building a suspension bridge in da nang, vietnam. passed under it 2 weeks ago. meron din yata sa ho chi minh, kita ko at a distance. mauunahan na tayo ng vietnam! sa wednesday makikita ko hanoi, the guys here said very progressive na din daw.

wala ba kayo napapansin yun mga umuunlad ngaun mga kalaban ng Amerika nun araw: Middle East (Dubai), Vietnam, China

parang iba ata policy nila ngaun

**tidus1203** · June 3rd, 2008 02:33 PM

^^Just like the Roman empire, the Spanish empire and the British empire. The American empire is now beyond its climax and will decline from now on. No they won't be 3rd world country they would probably be like the UK is right now still influential but beyond its prime. China will be the next empire...

**uls** · June 3rd, 2008 03:17 PM

the oil producers got rich coz the US made them rich. Who buys their oil? Who's their biggest customer?

China got rich coz the US made them rich. Who buys goods from China? Who is China's biggest customer?

What did the oil producers get in return for their oil? What did the Chinese get in return for their finished products?

Dollars.

Then the US borrows those dollars from the oil producers and China...

in return, the US issues them pieces of debt paper.

Paper for oil and goods?

Doesnt sound like a good deal huh?

The US will still be the world's preeminent power as long as the USD is the world's currency of trade.

**jpdm** · June 20th, 2008 08:51 AM

Chinese eyes $10-B investment in mining, steel mill
By Amy R. Remo
Philippine Daily Inquirer
First Posted 03:19:00 06/20/2008

MANILA, Philippines—China Metallurgical Group Corp. has expressed interest in investing as much as $10 billion in a mining project and construction of an integrated steel mill, Environment and Natural Resources Secretary Joselito Atienza said Thursday.
He said China Metallurgical Group, one of China’s largest steel companies, was seeking an exploration permit from the Department of Environment and Natural Resources to jumpstart its iron exploration in the southern province of Zamboanga del Sur.
Licensed by the China government, China Metallurgical Group is a major driving force behind the growth of China’s steel industry and a contractor of a number of key projects both at home and abroad, Atienza said.
The company has said it has “immediate plans of putting up a processing plant for iron and a steel mill with an initial investment of $1.5 billion as soon as the exploration permit is granted,” he said.
“Depending on what they will find in their exploration, they are willing to invest as much as $10 billion, if they are allowed to bloom fully. That’s how interested they are,” he added. With editing by INQUIRER.net

Good news baka magmura ang steel.

My guess is that the moment the beijing Olympics end, world prices will go down...because the massive construction boom in China will stop.....

Oil, steel, construction materials will slow down again....