"Glenn Ashmore" wrote in message
news:9dOzb.80768$xV6.22540@lakeread04...
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.

Economists around the world are saying that steel prices are in for an
increase, partly because of the Chinese consumption and partly because
manufacturing is ticking-up in general.

As for the US producers crying wolf, that depends on how you look at it.
They were going broke; the big ones were all on the block last year, but
with few interested buyers. Why that happens to be can take a while to
answer. There are several big factors, some of which are within their
control and some of which aren't.

Ed Huntress