"Walt" wrote in message
...
I was talking to a couple today that own a scrap business. They deal in
paper, plastic and steel. We got on the subject of scrap steel and the
high
prices we are seeing today. We also talked about China buying alot of
scrap
steel. They said that because the US doesn't make as much steel for
products
as we used to (using more plastics instead) that if a need for a large
quantity of steel were needed (in case of a major war) that China would
name
their price and we would have to buy it because we simply do not have it.
How real would something like this scenerio be? I'm putting all political
bias to the wayside, plain and simple, are we setting ourselves up for a
major screwing in the long run?
They also said the grade of steel coming out of China is good, they used
to
have very poor steel but they're quality is far better than the past.

walt

talking to a m8 who runs a welding supply place and it looks likely that
china buying up steel scrap in enormous amounts is likely to increase prices
substantially...........for instance price of mig wire looks to be going up
by 30% very soon!