Word: steels
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Dates: during 2000-2009
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...worth of bowling pins; he's simply the best juggler ever. And in an act already used to sensational effect in Ka, Jimmy Ibarra and Carlos Marin Loaiza run inside and on top of the Wheel of Death, a pair of gigantic hamster wheels held by an outside steel belt. It must be tremendous fun to perform, if you don't mind risking both your lives and all your limbs...
...Europe and the U.S. headed for a steel war with China? Brussels and Washington have long complained that China unfairly helps its steelmakers. Now the recession - and the different way steel firms are responding to it - is adding to the angst...
...February the alliance of European steel manufacturers, Eurofer, accused China of systematically distorting steel markets through subsidies. The result, say Europe's steelmakers, has been "irrational capacity extension." The European Commission has slapped duties on Chinese steel-pipe imports, and is now threatening World Trade Organization action as well...
...April 8, the U.S. steel industry filed an antidumping suit with American authorities against Beijing, alleging that $2.7 billion of pipe steel was unfairly dumped onto the American market last year. Eurofer General Director Gordon Moffat calls it a "perfect storm" for a trade war. "Demand has fallen off a cliff since October," Moffat says. "We know China is simply waiting for demand to return before flooding the markets...
...Steelmakers around the world have indeed been hit by falling demand from automakers, shipbuilders, construction and heavy-engineering sectors. Tight credit and the need to generate cash flows have resulted in a massive drop in steel inventories industry-wide...