Biden: 'China produces more steel in a month than America does in a year'

[beijingwalker]

Biden: 'China produces more steel in a month than America does in a year'

 

[Beidou2020]

No one can compete with China’s industrial might.

 

[ZeEa5KPul]

So what? Wall Street produces more bubbles and fraud in a month than China can in a century.

 

[Beidou2020]

So what? Wall Street produces more bubbles and fraud in a month than China can in a century.

Facts!

 

[beijingwalker]

I would say maybe one week, not one month.

CONF: China’s steel output at 1.05 billion t for 2020,
accounts for 58% of the global steel output

Source：MysteelDec 21, 2020 09:45See Full-size Table Here

China Crude Steel Art Abyss
https://www.steelguru.com/author/strategic-research-institute
China’s crude steel output will probably reach 1.05 billion tonnes for 2020, or having maintained an average growth of 50 million tonnes/year in recent years, and its share in the global steel output will rise to 58% from the 53% for 2019,

Luo Tiejun, vice chairman of China Iron & Steel Association (CISA), shared with delegates of Mysteel Annual Summit on December 19 in Shanghai.

The high steel production this year has been driven by strong demand, he emphasized, sharing that against the 5.5% on-year growth in China’s crude steel output over January-November, the country’s apparent crude steel consumption is estimated to have grown by 9.8% on year to 950 million tonnes in the first 11 months of 2020. “Actually,

Unprecedented steel demand in China pushed steel mills to increase daily crude steel output to a record high of 3.09 million tonnes a day in September 2020, which started tapering in in October 2020 to 2.97 million tonnes a day and 2.92 million tonnes a day in November 2020 as with the onset of winters in North China resulted in output restrictions forcing many steel mills to undertake maintenance. However, as the steel realization is very strong, daily crude steel output in December 2020 is likely to remain above 2.9 million tonnes a day, meaning we could witness China producing record 1.05 billion tonnes of crude steel in 2020, up by about 5% YoY, despite crude steel production shrinking to 79.9 million tonnes in January, 74.77 million tonnes in February and 78.97 million tonnes in March, when COVID19 spread had slowed down activities.

CONF: China’s steel output at 1.05 billion t for 2020 | Mysteel Global

www.mysteel.net

 

[Hamartia Antidote]

Biden: 'China produces more steel in a month than America does in a year'

Why did it take Republican Trump to wake up Democrats...why wasn't he speaking up like this during the 8 years of Obama?

If anything Trump may have finally united the parties.

 

[FuturePAF]

Why did it take Republican Trump to wake up Democrats...why wasn't he speaking up like this during the 8 years of Obama?

If anything Trump may have finally united the parties.

Because the US was wasting time in forever wars, instead of focusing on outcompeting China. If the US is focused on the China problem like a laser, China will have to really up its game just to hope to keep up.

The WOT was a punitive raid that went on too long and took on a life of its own. History will remember Trump like a Nixon, and Biden like a Ford; ending the pointless Vietnam war to make way for a shift from detente to competition with the Soviets, and we know how that turned out.

Biden praising China should make them worried. It’s like the comeback scene in an 80s movie, where the opponent is sized up and there is a training montage. Biden just freed Rambo from ‘Nam to become Rocky and take on Ivan Drago.

 

[Beidou2020]

Because the US was wasting time in forever wars, instead of focusing on outcompeting China. If the US is focused on the China problem like a laser, China will have to really up its game just to hope to keep up.

The WOT was a punitive raid that went on too long and took on a life of its own. History will remember Trump like a Nixon, and Biden like a Ford; ending the pointless Vietnam war to make way for a shift from detente to competition with the Soviets, and we know how that turned out.

Biden praising China should make them worried. It’s like the comeback scene in an 80s movie, where the opponent is sized up and there is a training montage. Biden just freed Rambo from ‘Nam to become Rocky and take on Ivan Drago.

Everything the US can do has been done and China is getting stronger in all aspects. Trade wars, technology embargo, weapons embargo, financial blocks, etc and China is still growing fast and rapidly advancing in technology, weaponary and finance.

China is not the old Soviet Union and the current US is not the old US.

China vs US competition is similar to US vs UK competition during the late 19th century and early 20th century. This time the US is similar to the UK back then.

 

[redtom]

Why did it take Republican Trump to wake up Democrats...why wasn't he speaking up like this during the 8 years of Obama?

If anything Trump may have finally united the parties.

In other words, it would be better for the world, and for America, if Americans focused on solving America's problems.

 

[Han Patriot]

In other words, it would be better for the world, and for America, if Americans focused on solving America's problems.

Nicely put. Lol

 

[MH.Yang]

Biden is bragging. I don't believe that the output of the USA in a year can be equal to that of China in a month.

 

[F-22Raptor]

Everything the US can do has been done and China is getting stronger in all aspects. Trade wars, technology embargo, weapons embargo, financial blocks, etc and China is still growing fast and rapidly advancing in technology, weaponary and finance.

China is not the old Soviet Union and the current US is not the old US.

China vs US competition is similar to US vs UK competition during the late 19th century and early 20th century. This time the US is similar to the UK back then.

Name me a single industry that China has developed that’s changed the world?


Cellphones? Apple
Search? Google
Software? Microsoft
Social media? Facebook/Twitter
E-retail? Amazon
EVs? Tesla
Commercial space industry? SpaceX


The US has created over 210 private unicorns this year alone. The US is far more innovative, vibrant, and dynamic than China. The world looks to the US to create the next great industries and products.

China lives in the American shadow.

 

[hualushui]

Name me a single industry that China has developed that’s changed the world?


Cellphones? Apple
Search? Google
Software? Microsoft
Social media? Facebook/Twitter
E-retail? Amazon
EVs? Tesla
Commercial space industry? SpaceX


The US has created over 210 private unicorns this year alone. The US is far more innovative, vibrant, and dynamic than China. The world looks to the US to create the next great industries and products.

China lives in the American shadow.

You are right, the United States has created an industry, and China has made this industry bigger.
Let us do what we do best