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Is the energy crisis driving Europe's steel industry to the Americas? | Transforming Business
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- Опубліковано 13 лип 2023
- Steel is a $1 trillion market and demand is rising. But production consumes a lot of energy - and is expensive. Are companies moving out of Europe to invest in South and North America because electricity is much cheaper there? And what about hydrogen powered 'green steel'?
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#Transformingbusiness #steel
Not just steel industry, EU is fast losing its automotive industry.
VW cars can't sell.
When the British colonised India, the British made India into a resource colony and took away its garments industry, which was at the time the biggest in the world. Now, Europe itself has been colonised by the US. The US is de-industrialising Europe and taking away all of its useful industries. The question is how long does it take for the brutal American Empire to fall.
Vw cars made in china sell like hot potatoes around the world because of their cheap price. Say good bye to manufacturing in europe. The biggest enemy for Europe's economy are their politicians.
Good.
Tesla will kill all types of auto manufacturers especially german ones.
Both China And European Suffer If VW Car Cannot Sell
Since 80% Share Own By Geely
Cheap Russia gas and oil was the recipe for success, now the opposite is true. Europe has lost the golden age of cheap products
There should be an independent foreign policy... German policy makers are like puppets of americans.. Europe is being destroyed and americans are making profits out of it.. Poor Germans..😢😅
Banning cheap gas and boycotting cheap goods from China. What did Europe expect would happen? That’s the price for European values.
Is there a connection between USA blowing up NS and selling LNG at 3x the price?
@@ericp1139 Values have nothing to do with it, those actions were just plain dumb.
Thanks 🇺🇸 the great america nation of the gays for its cause
everything in europe is too expensive. the netherlands is the 2nd largest food producers and yet food became so expensive that you have to cut your list in half.
They’re the 2nd largest exporter, but your point is still valid.
In fact, the United States is the second largest food producing country, and the Dutch food self-sufficiency rate does not exceed 25%. Excluding feed supply, the Dutch self-sufficiency rate is only a pitiful 9.4%
Yeah I live in Canada, 2nd biggest country in world, we have a small population of 36million and a huge agricultural sector yet foods at a record high.
they're the second because it's cheaper to import remember 70% to 80% of vegetable are water so they're the second largest exporter of water but for how long and will the Netherlands keep water pricing as it is ?
@@SpruceWood-NEG US same as the Netherlands they keep exporting water and most of the food production irrigated by dying aquifer with not pricing on it the only rule they have use it or lose it but it's a loss for the medium term, long term it'll be desert best case scenario it'll get turn to grassland no more corn or soy or wheat
The only thing is that they forgot to mention is that you still need to import it all the way from the other side of the planet. Not very green then is it!
Sure it is, shipping is still exempt from co2 quotes and other climate goals so it doesn't count. Plus by outsourcing to other countries we can say its them making the emissions, not us. Such a silly game we play.
@@1112viggoclimate goals are arbitrary
Exactly, so a more added value product exported from Latam makes more sense.
@@XxLIVRAxX makes no sense unless using it in Latam and surrounding areas.
@@1112viggo Pass the buck. I invented a system that proves we are in a self destructive system due to our natural instincts of being territorial and being competitive. We need to unify, educate and start a type of globally synchronised "Capped Capitalism"
thank you US for blowing out the Nordstream Pipelines and force Germany to purchase US expensive gas and to make them less competitive
You are quite welcome sir. 😊
Why not blame Russia for causing all these problems to keep the illusion that they are a great power, they are a gas station
Now they have democracy flavored gas...🫠
You guys were dawdling on depending on renewable power, so we just helped you make the decision to depend on your cheap and abundant renewable power.
You're welcome!
EU and UK bowing to the US killed their own induatries
The opposite is true , for years US warned the Europeans about Russia and Putler's viciousness but they didn't listen, now Americans are warning them about China and Xitler's viciousness, this time we have to wait and see if Europeans have learned their lesson or not.
@@JigilJigil only 'viciousness' comes from the USA for their own interests at expense of others.. You should learn history.. because history doesn't lie like our politicians do
@@JigilJigil so who should Europe do business with?
@@JigilJigil The vicious, barbaric, brutal country would be the US. It has killed 30 million people in wars it started since World War II. It is THE MOST VIOLENT country in the world, bar none. When Americans aren't murdering foreigners, they are busy murdering each other at home. The ENTIRE WORLD have warned you about the viciousness of the Americans. We have to wait and see if Europeans have learned their lesson or not.
@@edentahilla9295Europe shouldn't be doing business. Business isn't green.
As an Australian, it really annoys me that our country has so much potential to make steel with either coal or green hydrogen methods. Our economy would be so much stronger if we had down stream value add rather than just exporting raw materials
Don't even know how more years will it take for Europe to comprehent it was US who undermined their economy😓
I suspect quite a long time. Mostly because "comprehent" isn't a word. U 🧌
Politicians in Washington have huge tax breaks to corporations offshoring American jobs to communist China now we have an annual trade deficit with China over 400 billion millions of jobs lost manufacturing tax revenues gone we have a rust belt almost the size of Europe, China has no pollution standards 16 of the 20 most polluted cities in the world no wage, labor or safety standards, and they support North Korea, international capitalism has been sold out to communist slave labor
They know, but they don't dare to resist.
US has too much influence on EU politician. They have been spying on them for years and know their secrets. They are too afraid to go against US.
Their leaders are puppets, and majority of the people are sheep's. So it's going to take a very long time.
American proxy war in Ukraine has 5 objectives:
1) decoupling EU/Russia energy sector
2) cripple Russia economy + devalue RUB
3) consume Russia miliary and test it's capacity
4) isolate Russia from Europe
5) steal gagentic Russian sovergien funds
This report makes some sense
how to make America great again :
1. encourage war, more war machine production.
2. cripple both Europe and Russia
3. Destabilize China trade
yeah, Europe is doomed
this would make way more sense if it had not been Putins decision to fight this war.
Deindustrialization of Europe can't be stopped
It's inevitable
For now nope, but they'll recover
@@jaja3359 Not while Europe is the colony of the US. Once they regain their freedom from the US, like India did in 1947, it is possible Europe will resurrect itself. But Europe is still in deep slumber.
@@jaja3359 nope impossible Europe is dying continent the nail in their coffin is China invade Taiwan
@@Alexander-nl5yyWhat about a colony of their own policies!
They forgot to mention that the cheapest source of freed up Hydrogen is Natural gas and it is made by a process known as steam reformation, this process releases carbon from the natural gas and oxygen from the steam and creates carbon dioxide. Hydrogen is not cheap and doesn't generate much heat per molecule. Coal is cheap and much more energy dense. This Green steal thing sounds a little fishy to me. I'll believe it when I see it.
Hydrolysis of water + coal thermal energy efficiency is around 50% at best in electricity generation plant versus >90% efficiency for hydrogene
The dam on the Nile in China that China is building in Africa will double the whole country of Africa's electrical output… That's also an important factor to consider. In three years that should be completely done. It's currently 80% done and fighting red tape.
The only real question for natural gas steel mills is, natural gas is expensive, similar to crude oil.
It is already don ein Sweden, Germany and i gues other advenced economies like Japan. They purely use hydrogen from hydrolysis, no coal, no coke, no natural gas. It is like all things, it starts small, costs a lot and takes time before it can overtake the market. We will see.
@@colonialemon wich one?
European politicians seems not smart at all.
Most politicians (certainly in Britain) are completely incompetent and clueless, when it comes to industry. They have never worked outside the political bubble!
As long as Europe is still thinking and acting as vassal states to the US and couldn't get over the complexes of the WW2, more and more losses will be incurred due to severance of the geosteategic relationship with Russia. Enjoy! And congratulations UNCLE SAM. The EU could have put an end to all the provocations and aborted all the Ukraine war if they took the matter in their own hands in lieu of the "farce of the Minsk Agreement or Accord"
EU is not the one starting the war. It won't end it, only Putin can.
Another consequence that will be enforced by Russia, OPEC and BRICS : we make sure that energy cost in EU will be ALWAYS X times more expensive than in Asia. EU can say goodbye to growing markets of developing countries that will define global economy in the rest of 21 century. The Jungle has life and energy. The Garden is in a static decay for decades
EU can't produce steel without cheap Russian gas.
don't bite the hand that feed you
@@TrajannValoris unless the us orders you to do so
There is one thing the US learned from WW1 and WW2, wars in Europe drive economic growth away from Europe to the US. Is there any wonder why the US that is supposed to be in recession, is not in one but actually thriving, while the EU that is supposed to be growing, actually fell into recession due to Ukraine war? Remind me again who wanted to expand NATO the most to the Russian border?
Estland, Latvia and Lithuania.
The German sheep people could not understand your comment they refuse to believe Russia is not that evil Compare to USA
@@juliane__ Do you know that after the Second World War, Nazism was called a criminal ideology?
To be honest Europe and US are really hard to compete with China,Russia and other Asian countries.The labour cost are very high and the raw material are very expensive
And aggravating the issue by raising energy price is the step into the right direction?
Don't worry about the US, they have huge coal reserves, cheap gas. Expensive labor, but not so expensive that they will lose their steel industry.
@@yorik4897 US is self sufficient and can live even if it is cut off from the world. EU on the other hand is dependent on Asia(Russia) and Africa, So EU should have joined Russia instead of US.
@@sandeepreddy6223 For many years the EU leaders has had the illusion that printing money can solve all problems. You can print euros and buy the necessary resources, you can print euros and build a "green economy". It was a very pleasant and comfortable illusion for politicians. The last few years have shown that inflation comes at some point and that resources cannot be printed.
@@sandeepreddy6223That is not in the interest of the U.S. And the EU is a block with conflicting interest of its own. Countries like Poland from the get go want nothing to do with Russia even if they stood to benefit.
but we are told all day long that russia is suffering from war sanctions...🤣🤣
US fooled EU
Actually it was Xitler who fooled Putler.
The US warned them about buying energy from the Russian terrorist state. The EU fooled themselves.
As a Brazilian we proudly have more than 85% electricity from renewables. Actually our Power grid grew the second half of last century around hydropower.
The last years our other renewables sources soared, wind, solar, biomass, so we can diversify from rain dependency. Actually in Brazil, coal for electricity is something everyone always complained, because its dirtyer and more expensive then our already built renewable system 🤔
Other point is that the current Gov. is supporting home owners to invest in solar panels, which is a good policy because we high amounts of sunlight potential even in the winter.
Great. Now, Brazil needs to diminish poverty, opening markets, and getting rid of one of the more complex tax systems in the world.
bs
@@petepotr4078Com um Ladrão de 9 dedos e sua quadrilha no desgoverno ILEGÍTIMO e corrupto precisando roubar mais? Está é aumentando os impostos e a pobreza da população
@@forbaldo1 Not BS. Brazil is blessed with hydropower. They also have a ton of renewable water resources. But, yes, most of this due to luck and not really due to foresight on the part of their government in investing in solar panels, etc.
Does Brazil produce electricity at all? I looked that there is only 2.5 per capita consumption.
No more Russian cheap gas for Europe, now China is buying all the Russian cheap gas that used to go to Europe. .its going to get worse ..I thought European people were smarter than that.
Ahh Germany. If only you didn't close down 28 MODERN nuclear reactors for literally NO REASON AT ALL. You'd have plenty of electricity for green steel and green hydrogen production.
And Germany is working hard to not depend on China while the energy cost is driving its industry away to America? Which one is more urgent? Which one is more of a real problem? I am curious, it’s a genuine question.
Germany shot itself in the foot by ditching cheap Russian energy. Now Germany will never be competitive on the world stage again.
China joining the WTO maybe ?
@@gfys756Germany should have never bought gas from Russia in the first place. This their punishment for doing so.
@@Jack-yv2xu punishment from who? Their overlords, the usa? 😂
@@harukrentz435 No, it’s just what they got coming to them for buying all their energy from a terrorist state,
20-30% more?? Who is gonna buy that?
Don't worry west will pay any price for freedom
Don't worry, they will do it through regulation.. Everything sold in Europe need to be green and expensive. They can print euro to finance it. Problem solved 😂
Those pro west people will buy 😂 so dont worry lmao
@@ahm848 "Freedom" to be enslaved by the US. Thankfully, in the rest of the world, we have no use for this "freedom" and we have every intention of stopping its spread.
@@ahm848 ABSOLUTELY ! and the Global South will pay ANY price for their freedom too :)
If you want a more practical solution that will actually improve the climate you would build Gen IV or SMR nuclear plants for your energy. There is no solution to the climate crisis without nuclear
Climate crisis - what is it?
Perhaps the purchase of advanced nuclear reactors from Russia can be formalized as part of the reparations. Let's say Russia will build, and Europe will pay the x4 price.
Germany thrives beco it enjoyed cheap energy from russia and access to massive chinese market. And now germany is distancing both, cos america said so.
That only shows that Germany's so-called prosperity is temporary and unsustainable-a false prosperity. The core competitiveness of Germany's industry relies on cheap natural gas provided by Russia and advantages in the Chinese market that Germany shouldn't have, gained by exploiting conflicts between China and other Asian countries. In the end, this led to complacency, and now it's time to pay the price.
Russia is not a charity. Why would it provide Germany with the cheapest energy, passing up the opportunity to make more money? Cheap energy comes with political conditions, which even a fool can see. Yet, Germans have always turned a blind eye to this and felt superior to other countries. The shortsightedness of German politicians has directly led to Germany's current predicament. In my view, Germany has no statesmen, only politicians. The biggest difference between a statesman and a politician is that politicians only serve the interests of business groups, while statesmen can accurately predict future global trends. I said Germany's approach would eventually backfire because Russia's goal is to use energy to restore the Soviet sphere of influence, which is unacceptable to Europe, making conflict inevitable. France and Germany in Europe are fools who only look at short-term interests.
Look at Germany's industrial structure. Germany's proud export-oriented economy was proven unsustainable by Japan 40 years ago. Germany's exports as a percentage of GDP are much higher than those of the U.S., Japan, the UK, and France. This only shows that Germany is highly dependent on exports, making its economy very fragile. Yet Germans are proud of this. In reality, Germany is Europe's manufacturing base, with many factories owned by foreign capital. German domestic companies' global competitiveness is not as strong as some media portray. Even Germany's most important pillar industry, automobiles, only has an advantage in Europe and China. Elsewhere, they can't compete with Japanese cars. If it weren't for historical issues between China and Japan benefiting Germany, German cars wouldn't sell in China either. All German industries can be replaced globally. In other words, Germany has no unique skills or irreplaceable trump cards in the global industrial chain. Germany's advantageous industries are largely products of the Second Industrial Revolution. In consumer electronics, entertainment, semiconductors, the internet, and AI, Germany is almost non-existent. German industry relies too much on manufacturing, while domestic consumption is insufficient, forcing these products to be exported. Worse, they can all be replaced. Take Taiwan as an example. Compared to Germany, Taiwan is a small economy, but its industrial competitiveness far surpasses Germany's. Taiwan's high-end chips are in demand worldwide. When the U.S. sanctions Chinese semiconductors, the countries involved are the Netherlands, Japan, Taiwan, and South Korea-nothing to do with Germany. Some Germans even seem pleased, thinking they won't have to offend China by cooperating with the U.S. In my view, this is a sign of the comprehensive backwardness of Germany's high-tech industry.
When war started , one of the commentator said german need to change their bussiness model from industrial base to consumer base ...looks like it will become reality. They just surrendered what is their biggest strength .
war started 9 years ago, do you understand this?
The energy crisis is self-inflicted.
Self, and by the US when they blew up Nordstream.
@@benanders4412 Even if the Nord gas pipes were still there, does German dare to use it again? How brave were Germany medias when they pointed their fingers to Russia when the explosion just happened. Yet how quiet they were when the whole world knows who was the most possible one behind it. This is a bigger crisis to German than the energy crisis.
Germany begs like a bum for liquified natural gas while having a 40 year supply of natural gas in tight shales where they banned hydraulic fracturing. 🙃
Thank decades of German governments sucking up to the Russians for gas. Birds have come home to roost.
What was the first thing the 1st world moved to China some decades ago ? Right,it was heavy industries like steel production.
Why ? Because in the EU the workers were pretty much all organised in unions and fought for a good pay for decades. So moving
those industries to China let not only skyrocket the profits but also destroyed the unions.
Unions are in Europe for decades, and they’re essential in healthy fabric of society.
China steel production and exports have also been a decade or two.
We can think rationally.
*Your misinformation is useless.*
@@lv3609 Yeah well,probably you are not old enough to have experienced what happenend in the seventies and eighties up
close and personal. I did.
@@Zockopa
If you’re part of the union you have your voice, even within the union.
Outside the union, there’re other counterparts that are also part of the discussion namely the companies, the industry corporations, and, crucially the government.
What you say of the seventies and the eighties are a result of one goal of government: to eliminate one counterpart.
*Also do note* : coming from 70’s was high inflation (due to oil embargo), and the goal was to have workers bare the brunt of the effort by cutting real wages. Government succeed in crushing unions and closing some industries.
Even now you fail to see the bigger picture.
In UK same is happening now, inflation high and enduring, government bent on cutting workers’ real wages.
@@lv3609 Well,what is the big pictures then im not getting ? Enlighten me please.
@@Zockopa “Enlighten me please.”
You’re too much fixated on blaming unions. Like have only focused on a tree.
You brought up seventies and eighties.
I reminded you the high inflation of the seventies, consequence of oil embargo.
When prices go up, should workers stop eating? Stop filling petrol/gas to go to work?
Can you read the news now on people struggling with current shooting up inflation?
Back to the seventies and the eighties.
In the eighties a combo got traction of similar ideas, Reaganism and Thatcherism.
On economics they both had same economics’ doctrine: reduce unions power, reduce workers’ voice (and rights), and with that frame settled, move production to offshore. Objective maximize companies margins and profits.
In UK, instead of applying tariffs to coal imports, close mines. Importing was cheaper note £ was strong in seventies and early eighties, so if you worker wanted to compete it was wages (+capital, +machinery, +other expenses) vs strong £.
when a american asks a european to jump, they will reply how high!
Lol they sanctioned themselves enjoy😂😂😂
"Being America's enemy may be dangerous, but being America's friend is fatal."
Europe has been very lucky to get American help in the past 100 years.
@@aleph8888 shot the fook up lmao, I'd rather speak German
Lol
Its all americas fault -europe
You guys need to cover Molten Oxide Electrolysis. This turns iron ore to steel in one process. Large scale production is a few years away but all indications are that it will be about 20-30% cheaper.
You just described a process we already had in 1870 but used air instead of Electricity.
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.
@@samsmith2635why did we stop use it?
Is this similar to how aluminum is refined from bauxite? Where the ore is melted at a high temperature and then additional energy used to set up an electrolytic current until the iron sticks to the anode?
we got plenty or steel to recycle no need for raw iron ore in medium term population is declining which means more free housing like Italian and Japanese villages and largest consumer of steal construction industry and most China mega projects are done or run out of money
You do understand CO2 is essential to life and the more we have the more food we can grow.
VW Golf ID3 in China cost 17.000 euros and in Germany 40-47.000 euros. China and USA profit from sanctions NATO countries imposed on Russia.
That was goal. No cheap energy, no steel. Obey to USA
I wish we became a colony of china or Russia, then I could just work in the gulag in peace, thanks mike
Because Russian citizens are working in the gulags, how d*mb can you be?
@@bananerz3167Russia and China don't want colony, they just want trading partners...
@@bananerz3167 Thank you, China is not interested in European land. We only want a united, strong, and independent EU to do business with us.
@@ankpms830 I don't think we Chinese people have an obligation to pay for your infrastructure and welfare benefits. We are not your father. Your father is from the United States, you have found the wrong person.
EU claims to be green by offshoring to China 😂
Typical European hypocrisy 😂
Honestly they should be happy china or other country are willing to accept their fiat money as exchange of their precious commodities, but obviously that is not enough for these greedy europeans.
China has made alot of efforts in ' green steel' production
The world needs to learn from them
Lol Chinese steel is awful
Tofu dreg steel
@@rangodenalo6185Westerner 30 years in the past spotted
@@padnomnidprenon9672 I’m Philipino😂
@@padnomnidprenon9672 Wumao spotted
It was all over after blasting off the Nord Stream sponsored by US. Guess who is reaping the profit. 😂😂😂😂
I sent insider info in on this situation with "Green Steel" and its production, labor force concerns etc within Germany and I was told it was not a big enough issue by DW three months ago. Arc Furnaces require special ore that China has a monopoly on, I will take putting carbon into the air with carbon neutral process then depend on China. Since Steel is only made by bonding Iron with Carbon its funny to watch people struggle to eliminate Carbon from the process. - Greetings from the Saargebiet.
I think that every one knows that. So the question is "Are EU politicians under influence of foreign powers ?". Decisions they make don't seem to better the position of EU on world stage. Its more like sabotage.
Arc furnances don't use ore. They recycle existing steel.
This certainly sounds good too, but I think its still worth considering more reliable options like traditional businesses such as cannafarm ltd, for example.
More reason why the time the EU should have adopted nuclear energy is alwas "yesterday".
The eu lacks it's own source of abundant fossil fuels, nuclear energy solves this problem.
Building nuclear will not do any good unless the wind and solar are removed. Why do you think electricity is so expensive? You cannot run a real coal,gas or nuclear power plant at 30 percent capacity utilization. Damn are people this brainwashed
The EU actually has plenty of fossil fuels, including coal and shale gas which they banned the fracking of. Then they have the nerve to go beg like bums to the Americans for fracked gas.
Great news hopefully Pittsburg can make a comeback
This is the effect of sanctions in action 😂 The EU have shot itself in the foot. Good job, EU 👏
This is the effect of buying all your energy from a terrorist state.
Ok troll, don’t forget to get your roll of bread in Putin’s office
We maybe shot ourselves in the foot, but it paralysed both russian legs, hence worths it.
@@lf6756lmao imagine worsening your quality of life just to own the russkis
@lf6756 paralyzed? Can you name an example? 😂 Last time I looked they were still doing ok, and their common people were very fond of European cars before the war, always looked down on Chinese cars, now they have no choice but to try on the Chinese car, guess what! They are loving it 😂
You want huge amperes from minimal acres, you can’t escape nuclear. Safer designs of course, based on concepts that were completely sidelined in favor of the rube goldberg designs chosen by the nuclear industry from the outset back in the fifties.
It does not work when you have so much useless wind and solar. Why do think electricity is so expensive in Germany? Wind and solar provides no return.. they just screw up the economics of traditional power plants. There is no one who would build a 5 billion dollar nuclear plant that you are only going run 30 percent of the time. Madness
The key to decarbonizing heavy industry quickly is by optimizing the energy production process in such a way that infrastructure and material use are minimized. This can be accomplished by focusing on power density, specifically advanced nuclear technology. If Germany refuses to to go down this path for political reasons, then the alternative is to import sustainable low-cost hydrogen/ammonia/electricity, or the final product.
The United States recently passed key legislative provisions that will revolutionize sustainable industry, with major milestones likely to be achieved before the end of the decade. Perhaps Germany will want to re-evaluate its anti-nuclear position when new power plants become available?
A renewable-based pathway that may allow for rapid growth would be to tie hydrogen/ammonia production via PV in regions of high insolation like Australia, Africa, lower North America, etc.. This couples storage directly to production, minimizing infrastructure needs. Yes, there are major efficiency losses, but this may be compensated by rapid growth.
Germany is screwed. They wasted over half a trillion euros on 130 gigawatts of wind and solar. While simultaneously crippling its real power plants with the carbon tax scheme that impoverished Germans while the bankers get even richer.
As I understand it, Germany, being a conquered country, has fulfilled its role in the confrontation with Russia, and it is no longer necessary to support its economic development.
Otherwise, you are right, attacking Russia with decarbonization and the formation of a new ice age in the territory of Eurasia will require a serious restructuring of the industry.
With all the bombs dropped in the Russian and Ukraine war, as well as the Syrian war, I don't know how much CO2 we have reduced for the past 10 years 😂
@@eveleung8855 You can also count the transition to inefficient means of gas delivery using liquefaction, the transition to coal, and so on. Russia is well - it is getting warmer. If Europe is washed away, it will be super in general.
Germany is already importing low cost nuclear energy from France, its neighbour. They never really stopped using nuclear power, just... moved it away, to keep the benefits, on a very western fashion
who blow up pipeline? you are colony enjoy
Nice job kremlin bot, Putler is now proud of you.
Thank you Nord stream!
shutting down your nucs ... such a high IQ move.. Germany is under bad management
The problem is not energy cost it labour cost .
My friend in Canada works at a steel plant in Canada and makes $35 an hour with great benefits. .
A Chinese steel worker makes $5 an hour without benefits .
5 buck an hour in China is great salary.
@@harukrentz435 Nope the average apartment are $600 a month in China . $5 an hour is not doing good .
@@Crashed131963 Stop looking for 5 Stars-like apartments! i live in China and i pay 75$/month for an apartment
@@crumcon $75 a month is a tin shed in the countryside in China not in a city .
@@Crashed131963 steel plants arent located in big city. I dont know maybe in Canada you have a steel plant right across trdouches office in Otawa but not in China or other country.
Steel which used to be made in Britain is now imported from India and China, not America. The quality is appalling!
Hydrogen takes a great deal of Energy to produce via Electrolosyis. More Energy to produce Hydrogen than you get by combusting Hydrogen.
Our High School Education System needs to teach Chemistry, Mathematics and Physics again. There is no Energy Free Lunch. Each transformation of Matter requires Energy.
The most toxic thing that has happened in energy production was the stigmatization of nuclear power. That can solve so many issues
@@ILoadng I tend to agree. There's Two Nuke Plants in my State. Extraordinary well managed.
Without such opposition, Nuclear Waste would be stored in a Salt Dome somewhere instead of on the Banks of the Mississippi River
Circular economy is the name of the new game.
Sanctions cut both ways.
But it's All for freedom and democracy
For freedom and democracy of the american ruling class.
I honestly dont understand why youre discussing these dubious schemes. There are plenty of options like Cannafarm Ltd and similar ones that are fast and profitable.
Interesting admission.
😢
Here is a simple example for France: to "harden" a steel knife blade, the temperature of the steel must be raised to around 800 or 1000°C. Take a small oven and raise the temperature from 0 to 1000°C it's 2kw/h and as it lasts 30 mn you spent 1KW/h, in France there is an electricity monopoly (EDF, as in the former communist countries ..) so 1Kw/h will cost you 0.25 cents euros ... for a single blade of a small knife, in other words, you are not competitive!
Seriously you guys are counting Mittal as European 😂
Reality is America able to keep both Russia and Europe in check by just one war. 😂
That's why they call being a friend of the USA is fetal.
Can DW only afford the cheapest graphics cards for your fees? Production/transmission were terrible!
America is benefiting any way Europes not grown up till now someone has to make decision for them still😂
What? Energy in Brasil is Cheap? That is completely wrong! The salary here is R$ 1320, the power energy bill cost between R$ 250 and R$ 450. There are a lot of taxes here that makes the Brazil´s the second most expensive bill of power energy in the world. Try please to search better at the next time.
Protectionism, subsudies and expecting Latam to just export iron while added value proceses such as steel making is reserve for Europe when the logical step is making steel in Latam aswell as metalmechanic components and products that are integrated to more added value products in Europe.
That's a major source of grievences in trade deals with the EU.
From an economic point of view, moving heavy industries to the America's while Europe shifts to advance industries, taking a crack again at semiconductor self sufficiency, IT and R+D is what makes sense and it expands panamerican demand for advance european made products and services.
As long as europeans engage in uncompetitive practices such as heavy industries and agriculture subsudies, trade deals with will be put into question and scrutiny.
Europe is going to experience a new wave of industrial reconversion, thats inevitable, might aswell go on full speed ahead and focus on industries were Europe has a competitive advantage like aerospace.
Trying for semiconductor self-sufficiency again? When was Europe ever self-sufficient in semiconductors? When was Europe's semiconductor industry ever strong? Europeans' biggest flaw is their self-satisfaction. Please wake up; the center of the world has long since moved away from Europe. Today's high-tech industries are also moving farther away from Europe. Aside from ASML, Europe's semiconductor industry is rubbish. And ASML is essentially an American company (with its equity and core technology controlled by the U.S.). Even the U.S. is not a match for Asia in semiconductor manufacturing. What advantages do you Europeans have compared to the U.S.?
Lorl poor Europe getting played by USA just for security 🚮😂
It was the US that destroyed European security in the first place, starting all those wars in the Middle East and North Africa, and now, this proxy war against Russia using Ukraine as its proxy. Europe has been colonised by the US.
Another reason why germany is so foolish to abandon nuclear energy!
don't talk like you know anything about nuclear are you a power engineer? Nuclear is expensive especially old plant they breakdown a lot the reason we have them is because of tax payer money free money that government dumb it on it if it was economical they should be like gas plant now private investors building it anywhere they can
@@NoobGamer-sc9ltu sound there is no power engineers in France. Before talk about what should be done it is advisable to talk about what can be done with the least overall cost.
@@GeorgeChuy you before you talk go check how many French nuclear power plant are offline especially in the winter which basically the best excuse can give for nuclear in Europe and check Areva which supply all nuclear fuel in France and what horrific mining practices for 70 years and counting which are worse than the cobalt case in Africa all to save money and if they pay the damages for human right abuses which they won't ever they'll go bankrupt
@@NoobGamer-sc9lt Again, you are talking about what one ought to do, and my point is about what is most cost-effective, practical, secure and eligible. Europeans have been talking about renewable green energies for decades, which only bore bitter fruit during the Ukraine crisis. Even a middle school student knows better than put all eggs in one basket and unfortunately that is exactly some european countries have been doing all along under various ideologies. The mining problem may be appalling, but that isn't the reason to wipe some viable energy source out without reliable substitute taking over.
@@GeorgeChuy
Keep some natural gas power plants dormant.
Or even keep some coal power plants dormant.
Power them up only when necessary. The rest, offshore wind farms, onshore wind farms, solar, geothermal (for Germany and few others), hydroelectric for some countries. Tie up with connected grids.
By terming hydrogen produced by Electrolyzers using solar or wind energy as green hydrogen doesn't make the process really green. First and foremost, you consume way higher levels of energy to make solar modules and wind turbines, add to it the mining and processing cost of raw materials. Secondly, Electrolysis itself is a very energy intensive process. Its like consuming 100 units of electricity to produce 5 units. Basically, our issue is storage of energy and Green Hydrogen is not at all the best solution of storage. One needs apart from Electrolyzers, hydrogen fuel cells too. The capital cost of installing Electrolyzers, boilers for producing steam, and fuel cells plus solar or wind energy farms is too much.
We must find another solution for energy storage.
You can install these Electrolyzers and hydrogen fuel cells in nuclear powered submarines but not for public usage. Instead we can focus on reducing IC engine cars ' emissions to zero levels.
Meanwhile in Sweden... H2 Green Steel. Wow what can go wrong? Oh, bonkers amount of electricity needed.
These days are good days for europeans. Europeean cant catch up with the costs and technology of the other manufacturerers of the world. Like tesla electric cars, phones , etc...
We already have a steel industry but, sure, c'mon over. 🙄🙂
EU - step aside…developing countries…step in.
Yes.
MCF-Energy to save Europe✊🏻🔥⬆️
Bring the steel production to South Africa and invest in green hydrogen
🤣🤣 u must be kidding
Why do you want white people in Africa?
South Africa is a failed state. They won’t bring production to a country that can’t provide electricity on a regular basis.
understand one thing, these are companies with a high demand for electricity, south africa has been suffering from a lack of electricity for over a year, an electrical blackout is a common thing there, the last place in the world where you can set up a high energy demand is where there is no energy supply, in south africa.
Third time Germany is lost ww1,ww2 and now . 3 times against Russia
The genocide that Germany is now waging will not be forgiven.
@@kira-le9qr Just the opposite. On the eastern front, pro-German forces were defeated during the Brusilov breakthrough. An internal putsch in Russia forced them to withdraw from the fighting.
Maybe Europe should reduce it's electric rate...
No, america wants important industries in their grasp when economic system has his final crash in the near future.
Lol the USA hasn't had a domestic steel industry in 50 years 😂
@@gfys756 Lies. US steel industry was up in 2016-2020
By burning some bed frames, two buildings will magically walk to where blue arrows point. I can write better descriptions from thumbnails than DW
😂😂😂
You must be really thik to not understand that the energy crisis was deliberate so other countries could take the economic advantages.
The shortage of natural gas supply from Russia could cause a collapse of industry in Germany..
Germany is heavily reliant on natural gas from Russia, which accounts for 35% of its imports of the fuel.
Natural gas is a vital energy source for Germany, which accounts for about a quarter of the country’s total energy mix.
Russia has already cut gas flows to Germany by 60% since June 2021, citing an equipment hold-up in Canada as a result of sanctions over the war in Ukraine.
Germany fears that the situation may get worse after the scheduled shutdown of the Nord Stream 1 pipeline for maintenance from July 11 to July 212. There is no guarantee that the gas flows will resume after that.
Entire industries in Germany, such as aluminum, glass, and chemical industry, are in danger of collapsing permanently because of the gas bottlenecks. These industries employ hundreds of thousands of people and contribute significantly to the country’s economy.
The gas shortage is also driving inflation to record highs, which threatens social stability and consumer spending.
Germany has moved into the second stage of its three-stage emergency gas plan, which involves securing alternative supplies and energy sources, easing infrastructure bottlenecks, encouraging energy savings, and expanding solidarity agreements to share gas across countries1. However, these measures may not be enough to cope with a total shutoff of Russian gas.
A total shutoff of Russian gas could lead to shortages of 15% to 40% of annual consumption in some countries in Central and Eastern Europe, which are also dependent on Russian gas. This could have spillover effects on Germany’s trade, investment, and financial links with these countries.
A total shutoff of Russian gas could also reduce Germany’s gross domestic product by up to 6%, according to some estimates3. This would be a severe setback for the country’s economic recovery from the pandemic.
I am against the sale of Russian gas to Europe before its Liberation.
Thank you for sharing your insights and recommendations. Its great to explore various investment options, especially well-known companies like Cannafarm Ltd that are gaining popularity. Adding different ventures to our portfolio can help reduce risks in
the plan working as intended😂
ArcelorMittal is owned by Indian - Mittal!
but EU is pushing for Green Energy it shoud be cheaper!
Arcelor Mittal is an Indian company, It is owned by Indian.
a little higher technical comprehension would have benefited this presentation.
In the end, everything comes down to the cost of energy. Find any probvlem in the world, and the bottleneck is either the cost, or how green energy production is. The problem with Europe is they have sacrificed cost efficiency for "green-ness" and this element in itself provides ZERO value other than prices placed on it through subsidies or taxes, which are net negatives. Adding a subsidy or tax simply makes the process more expensive, which is why Europe has the highest energy costs in the world. (as a note, I'm not implying going green is useless, but it has a direct cost to the companies doing it, and provides competitive advantages to the companies not doing it.. This is why China currently produces most things in the world, they have the most efficient and effective production chains, and extremely cheap energy.)
The focus should come away from trying to "create demand" for things that don't really have a place, and instead focus on reducing the cost of energy. This means increasing the availability of energy, the stability and quality of the service. Germany tearing down nuclear power plants is the WORST thing they could possibly do. More needs to be spent on investing in wind where it makes sense (the coast and mountain valleys) and efficient energy storage. Ideally, fusion would be the solution, but that's still far off.
The only reason the EU economy still functions is due to massive subsidies and taxes, which are crippling its ability to compete and innovate globally. This is eventually going to catch up with it, and is not a good long-term solution as they will eventually just fade into irrelevance.
7:11 what valuable insight 😅
ArcelorMittal is Indian owned
Paying US gas about Iour times the previous prices is the reason for the steel shortage .
You still need natural gas to get hydrogen in large enough quantities to make it useful. Electrolyzing water is too inefficient.
Excellent clip👌
EU Got played by ……you know who
No conclusion just talk, at the end there are not outcomes.
It’s EU policy why not focus on the source of the problem
yes
South America is better with Costs.
This is what America wanted and it got it , Green steel as usual is bonkers as is with all green tech rubbish
So just de industrialisation but moved across the ocean out of sight!
If the inflation goes like this what will be the future of Europe
Move to Bangladesh 🇧🇩