So many shares are shooting up like rockets and here he is. Worst still, trying to ride on someone's else work and he has the audacity to refer himself as Super Investor. This Geezer do not feel shame yet he boast being famous. He will face his KARMA in the days to come.
Going forward, as generators pass on some rising costs to consumers and raise power supplies, power-hungry industries such as steel, aluminium, cement and chemical producers are expected to face higher and more volatile power costs as previous fixed-cost arrangements are replaced by market-based pricing.
How will output of key metals be affected by this?
Analysts say China’s world-leading steel industry may be forced to cut output from electric arc furnaces (EAF), which account for roughly 15 per cent of China’s total steelmaking capacity.
Electric furnaces run on electricity and so emit fewer emissions than traditional blast furnaces, but have high power needs.
“The broad story is that there will be an increase in steelmaking costs, more so for EAF. This could amount to around 4.5 per cent of current rebar prices, which are currently at (5,860 yuan per tonne),” according to Li Wang, senior steel analyst at consulting firm CRU.
China is also restricting traditional steel output through mid-March next year to reduce smog, which may further underpin steel prices.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by Hoho22 > 2021-10-12 17:47 | Report Abuse
Now buddies or partners?