Why it costs less to make steel in Asia than in Europe?
970526
People in Asia get paid five cents a day. Plus they have no benefits, safety regulations, or environmental laws.
89972
You didn't really specify if you mean trade between states as in American states or as in different nations. Fundamentally, there is not that much of a difference though. The most important concept in economics is that different economies are really intertwined in one large economy. Different regions and populations possess different resources that others do not. The best examples are natural resources. Imagine how our world would be if the Middle East (or in the domestic case, say, Texas) did not trade their oil. Imagine what would happen to the small island nation of Japan if it could not import raw materials such as iron/steel to produce automobiles. Human resources are also important. The cost of many products we buy would be much higher if Chinese labor were not so inexpensive or if we were forced to produce microchips in southern California for ten times the cost! And far fewer of us would have wine if it weren't for countries like France and Australia, or states like California and Oregon. And what if we couldn't get potatoes from Idaho or peanuts from Georgia? As you can see, states depend on one another to provide raw materials, finished goods, services and labor that they themselves cannot. Without trade between different regions, our world would not function as it currently does and we would all be worse off!
1147985
Ummm..........yes............very big continent and it is the "World" Cup after all - also the standard in Asia is improving all the time.  FIFA would not be able to encourage Asian countries to invest in the sport if they limited places to them - the total number of football players in Asia @ 34,708,100 is not far short of those playing in Europe (35,783,000) so the interest is  just as passionate there - Asian fans love football just as much as us Europeans so why should they not have the same opportunities to see their team qualify.
33345
Recently, from China, Taiwan and Malaysia since they can make higher profit with very low cost raw material from Asian countries.
252187
While pricing one must consider the cost elements first. Then depending on organization objectives and position with regards to market practice and competition prices are decided. \n\nIf pricing is used as competitive advantage then the only way to do this is mass production.\n\nWhen production increase cost decrease. \n\nThis what happened in china on the contrary taiwan decreased quality to decrease cost therefore lost customers and reputition.
213958
It has to do with the feasibility of establishing a business in a foreign country. You have to study their markets very well because what culturally sells in one country might not sell well in another.
39170
yes, we demand cheaper products, the world ( India, Russia, China ) responds. Eventually the Chinise will make full size pick up trucks that are affordable and durable, kool. the other poster is a MORON in saying buy USA, only if it's good will I buy, it the USA corp's fault for making crappy products to the point that outsiders came in and gave us what we needed, ( cheaper too, but then that's also a UNION problem as well, see GM and the UAW for their headaches ). We used to make the best, ect.. we still do in some catagories, but there is not a USA made company that does not sell / import from abroad ( mainly China ). If you fear being outsourced, then you will, as if you are any good you will be in demand ( same hold true dating / marriage ).
679613
Depends on the size of the factory, and what it's doing.  I'd have to imagine there would be a HUGE variance in cost among different factories.
423178
Basically it is becuz of the lower cost of production in China (e.g.lower wages), and becuz of the currency. In brief, RMB is comparatively weak to USD and this means other countries enjoy a lower importing price of the goods from China.\n\nChina still produce high quality products. thoze low quality fake goods is usually found within China but not for export. this is due to trade restriction, a country will export goods with higher quality, and consume the  goods with lower quality.\n\nbesides, the labour supply in China is not as sufficient as most of us think and recently facing a labour shortage. it is a misconception in saying the low wage rate is due to abundant supply of labour in China.
105392
Japan and most Asian countries
48499
Americans can make things very well.  In fact, too well.  We can make things so well, that for us to demand higher pay is totally justifiable.  However, many companies are not willing to pay these higher labor costs, and so go to places like China.  However, the United States is still a major hub of technological innovation and economic efficiency, something the Chinese are still trying to master.  A purely text-book answer to your question is that the Chinese have a comparative economic advantage over the United States for the goods that you're talking about (in a very watered-down definition, they can make it 'cheaper').  However, it is important to keep a global perspective on such a macroeconomic problem.  Many European countries (whom rarely are targeted in popular 'Buy American' campaigns) equally blame the United States for 'dumping' electronics, the Canadians are up-in-arms over our lumber tarrifs and the Austrialians are less than pleased with our iron-fisted grip over the governing body of the Internet.  I would HIGHLY suggest you peruse an upper-level economics text (at least a college-level introductory macroeconomics book).  There is also a collection of thought-provoking essasys on this issue in the book 'Second Thoughts' from a variety of authors and view points.
984285
You could use the U.S. auto industry versus the Asian or more specifically the Japanese auto industry as a good example.  Unions versus non-union factory.  The U.S. has to price their autos higher to recoup the higher wage costs while the Japapense markets can price their autos lower since they don't have union shops, thus lower wage costs.
1130398
Some sites say it's the Chinese demand, which continues to grow.\n\nOthers say: The answer to same lies with hedge funds, which are major buyers in the metal and are going to try to hold up the price.
231160
In recent years stainless steel has become much more expensive.  This is due largely to the nickel and chromium content of stainless steel - China's and India's demand for raw materials has caused some of this. \n\nIn order for it to be considered "stainless steel" it must have at least 12% chromium (some sources say 11%).\n\nOne problem with stainless steel is machining it (cutting into shapes like shafts, etc.)  It tends to be difficult to machine.  Adding selenium or sulfur reduces this difficulty, however.\n\nSS tends to warp and distort more than carbon steel when being welded.  \n\nThere is a huge variety of stainless steels to choose from.  They vary in nickel, chormium, and moly content and  - this affects the cost.  \n\nContrary to popular belief, stainless steel is not 'stainless'.  In the right environment, it will still corrode or even crack.  SS especially does poorly in  chloride services.  Stainless steel can be passivated to some degree.\n\nSome SS are magnetic - the martensitic and ferritic 400 series in particular.  \n\nThe austenitic 300 series is, in general, nonmagnetic.  Though my experience has been that valve castings of 316ss are slightly magnetic.
257034
I live in China now, China is booming and cheap but that will soon change, about 10 years ago everything was made in Korea for the same reason and 20-30 years ago all made in Japan. 100 years ago it was all made in England...etc. Its because as poor countries get more skilled they can make things cheaply and of high quality, as the people get rich they don't want to work in just making things they want to design them and invent them, and it goes off to another country to make it. The USA designs most things made in China and takes 75% of the profit from it... so you guys shouldn't complain, you are using the Chinese as cheap labour. Soon everything will be made in India anyway.
764730
IHave wondered the same thing. I think it is due to the influx of merchandise in the retail stores from China and India, etc. It seems like everything we are buying is from Asia. And don't anybody say buy American, the prices of American made goods are outrageous compared to foreign ones. I wouldn't be able to make it if I had to buy only American and most people wouldn't either.
880239
Because its cheaper for both countries