I stopped by my steel supplier today to pick up a couple of things and
jokingly asked the owner if the price would be coming down with the
lifting of the tarrif. His opinion was they may dip slightly but
overall would increase quite a bit over the next year.

Seems the Chinese are on a building binge and are scarfing up all the
steel they can get their hands on. Scrap prices have already increased
considerably. As far as he is concerned US steel makers have been
crying wolf all along.

Marv Soloff wrote:
FYI:

You have to give Bush credit:

"PITTSBURGH (Reuters) - President Bush picked up $850,000 in campaign
contributions in the heart of America's steel industry on Tuesday even
as he prepared to lift tariffs that have been helping the steelmakers.

Supporters of the tariffs lodged a last-ditch effort to keep the
protections in place. Bush heard arguments from Pennsylvania Republican
Sen. Arlen Specter and U.S. Steel Corp. Chairman Tom Usher, a sponsor of
the campaign fund-raiser which the Bush re-election campaign said had
been planned long before the steel decision became imminent.

Scores of steelworkers demonstrated near the Pittsburgh site of Bush's
event."

In admiration,

Marv


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