No slowdown for Chinese steel industry
Source: http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert/0/0/no-slowdown-for-chinese-steel-industryPosted on Wednesday, August 6th, 2008 | In Asia, China, Market Commentary
Contributed by: Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert) -
Steel is a basic economic building block so watching the steel industry will tell you a lot about a country’s economy.
According to German engineering giant Siemens AG, the Chinese steel industry is as healthy as ever. Siemens sells equipment for steel mills, power plants and factories, and has seen no slowdown
in orders.
“We
are running at our capacity limits at the moment in supplying China
with steel plants. This is really a boom.”
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![]() About Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert)
Tony Sagami, a veteran investment advisor and a leading expert on Asian markets, is the owner and founder of Harvest Advisors, an investment research and money management company. Mr. Sagami has been managing money for more than 20 years and is one of the early pioneers in the application of technical and quantitative analysis to mutual funds and stocks. He is a featured contributor to Weiss Research’s daily e-letter, Money and Markets and monthly Safe Money Report as well as the editor of Asia Stock Alert. Prior to establishing his own firm, Mr. Sagami was managing director at W.E. Donoghue & Co, serving additionally as the director of investment. During his successful career, he also held the position of account executive at Merrill Lynch. Mr. Sagami’s views on Asian markets, specifically Chinese investments, have been featured in publications such as The Wall Street Journal, Barron’s, Kiplinger’s, Smart Money, Business Week, New York Times, Washington Post, Investors Business Daily, Bloomberg, Financial Planning Times, Mutual FundsMagazine, Chicago Tribune, and the LA Times, as well as on CNBC and CNBC Asia. Mr. Sagami holds a degree in economics from the University of Washington. |



