Comments by "duncan smith" (@duncansmith7562) on "Is the energy crisis driving Europe's steel industry to the Americas? | Transforming Business" video.

so given that energy prices have gone up by more than 20 - 30% this process still means steel will cost a lot more than pre sanctions on Russia steel.
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"as a consequence of the war in Ukraine". NOT TRUE. AS A CONSEQUENCE OF SANCTIONS ON RUSSIA. simple formula....sanctions on Russia = more expensive energy costs = higher cost of making steel = Europe uncompetitive with rest of the world = bye bye steel industry in Europe. sanctions on Russia = economic suicide for Europe.
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@thegreatdane3627 Given Germany is in recession and that European output is so low, and that we are in the middle of summer, no surprise that demand for natural gas is low and thus market price is low. So heart-warming to know rich nations can just buy expensive LNG and thus price poor nations like Pakistan and Bangladesh out of the LNG market, adding to the poverty and misery in those countries. Such a wonderful triumph all round. And to top it all, the Russian economy is doing great. No need to sell anything to dumb Europeans.
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@thegreatdane3627 you sound as unconvincing as Biden, "the ruble is rubble" and all that nonsense. the ruble has not crashed, but of course, a lower ruble does mean great news for Russia's commodity exports. Russia has front ended much of its deficit, meaning the first few months of the year bore much of the burden. But I guess the West has no problems at all with budget deficits, right? How is the US national debt looking? UK? Russia has lower inflation than everywhere in the West, modest growth and inward investment has sky rocketed. If the sanctions were meant to cripple the Russian economy, this ain't working! What do you think, maybe a 12th EU sanctions package will do the job?:) you are so deluded. Cluster bombs now sent because the regular shells have been used up. Demilitarization of BOTH Ukraine and NATO progressing nicely.
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@thegreatdane3627 remember the aim was to cripple the Russian economy to the point where it would find it impossible to wage war in Ukraine. When do you predict that point will be reached?:)
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