Glenn Ashmore wrote:

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.



My guess is the Chinese are buying up scrap to create a shortage. It's
easier/ cheaper to make steel from scrap. I think that would drive US
manufacturers cost higher making the US even less competitive.


OTOH, Dubya could always seize Chinese assets.



--

Mark

N.E. Ohio


Never argue with a fool, a bystander can't tell you apart. (S. Clemens,
A.K.A. Mark Twain)

When in doubt hit the throttle. It may not help but it sure ends the
suspense. (Gaz, r.moto)