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Message: <blockquote data-quote="Mad as Fish" data-source="post: 69092" data-attributes="member: 396">I have traveled to the continent several times this past few months and what has struck me is the resilience of the metal bashing companies in my particular field to the increase in energy prices, but before Jarry gets too smug about this I should point out there are, as I see it, two particular reasons for this.The first is that the Ukrainian event pushed prices up, especially that of steel. Retail prices were raised in line with these costs but as the steel price dropped again energy prices stayed high, as did that of labour, so retail prices did not drop accordingly. In other words energy costs were absorbed, but this is only a temporary measure.Secondly, and more intriguingly, the world still wants European products because they are superior to the home produced items.  You think American or Japanese engineering has all the answers? Think again. The American ethos of bigger is better does not apply here in Europe, but certain goods made in Europe cannot be matched in sophistication by American companies. If the US thought that by making European industrial costs expensive it would gain an advantage, then it seriously miscalculated and will gain little from the exercise.</blockquote>

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